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Land Bonds Act (Cap. 62:07).

Country/Territory
Guyana
Document type
Legislation
Date
1959 (1975)
Source
FAO, FAOLEX
Original source
Laws of Guyana.
Long title
An Act to make provision for the satisfaction of the whole or any part of the purchase money or of the compensation payable by the Government of Guyana in respect of the purchase or compulsory acquisition of any land by the issue of of bonds, and for the issue, negotiability and redemption of such bonds, and the payment of interest thereon and for matters incidental to or connected with any of the foregoing purposes.
Subject
Land & soil
Keyword
Expropriation
Geographical area
Amazonia, Americas, Latin America and the Caribbean, North Atlantic, Small Island Developing States, South America
Abstract

The Act provides for compensation payable or purchase money to be payable in land bonds. A vendor is not under the obligation to accept land bonds as a means of payment, except in cases where commissioners appointed under section 7 of the Acquisition of Land (Land Settlement) Act have reported to the Minister that (part of) such land is not beneficially occupied or utilised for agriculture. It further provides, among other things, for issue, description, redemption, surrender, service and registration of land bonds, and interest on land bonds.

Full text
English
Website
legalaffairs.gov.gy