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Showing items 1 through 9 of 36.
  1. Library Resource
    Legislation
    Micronesia, Oceania

    This Act provides for the establishment of the Federated States of Micronesia Development Bank as a body corporate, defines its functions and powers and internal organization.The Bank shall be instrumental in: mobilizing additional financial resources for development; providing of loans for projects; technical assistance; and administration of trust funds and special funds. Foreign ownership of the Bank is prohibited because of the legal capacity of the Bank to acquire, own title to, dispose of, and otherwise deal in land and waters in the Federated States of Micronesia.

  2. Library Resource
    Legislation
    Micronesia, Oceania

    This Chapter establishes procedures to be followed by the Government of the Trust Territory in the exercise of its power to acquire real property by eminent domain, i.e. to condemn property for public use or purposes and to appropriate the ownership and possession of such property for such public use upon paying the owner a just compensation to be ascertained according to the law.The Act concerns, among other things, proceedings at the High Court, the establishment of value of land by the High Court and determination of ownership in the event of dispute.

  3. Library Resource
    Legislation
    Micronesia, Oceania

    This Chapter concerns the procedures for the application for a permit “to excavate, fill or borrow” tidelands, defines traditional and customary rights of the people of the Chuuk State in respect of tidelands and the granting of (ownership) rights in respect of such land by the State to people of Chuuk. Tidelands within the meaning of the Chuuk Constitution are those marine lands from the shore to the face of the reef that are shallow enough for traditional fishing activity by women.

  4. Library Resource
    Legislation
    Micronesia, Oceania

    This Chapter makes provision with compulsory acquisition of (a right in) land and administration of public land in the State of Chuuk.The Chapter defines the duties of the Governor as regards the proper administration of land, sets out criteria and procedures for the condemnation of land and provides the determination and award of compensation, the determination of claims by a Claims Board and the resolution of disputes regarding titles in land or compensation.

  5. Library Resource
    Legislation
    Micronesia, Oceania

    This Act makes provision with respect to a deed of trust to be held by an independent authority for purposes of guaranteeing the repayment of debt and for the execution of such deed of trust and the transfer of property in the case the debt remains unpaid. The Act defines requisites and conditions for the sale of property and other rights in relation with the (execution of) a deed of trust.

  6. Library Resource
    Legislation
    Micronesia, Oceania

    This Chapter concerns the establishment of deeds of trust in respect Chuuk land and in favour of the United States Government through the Farmers Home Administration or other federal agencies. The deed of trust shall secure the financing of real estate projects and transactions by the United States of America. The Chapter also provides for judicial and non-judicial foreclosure related to the deed of trust.

  7. Library Resource
    Legislation
    Micronesia, Oceania

    This Chapter prescribes rules regarding the establishment, recording and protection of mortgages. Its purpose is to establish a system of mortgage law in the State of Chuuk which will induce lenders to make secured commercial and residential loans and secure transparency and other rights of mortgagor. Under the provisions of this Chapter, mortgage creates a lien on the land, but does not pass title to the mortgagee.

  8. Library Resource
    Legislation
    Micronesia, Oceania

    This Act concern the definition of coordinated systems for purposes of land survey in the State of Chuuk and specified lagoons. The Chapter also gives some indications for a valid survey but does not require a purchaser or mortgager to entirely rely on the defined system. The Chapter also prescribes penalties for the offence of interfering with survey marks.

  9. Library Resource
    Legislation
    Micronesia, Oceania

    This Chapter provides for the establishment of the Board of Land Surveyors Examiners of the State of Chuuk and for registration of land surveyors. The Act specifies qualifications for a person in order to become e registered land surveyor and prohibits the surveying of land by persons who are not registered with the Board.

  10. Library Resource
    Legislation
    Micronesia, Oceania

    This Chapter concerns rights over private lands previously held by the Government under “indefinite land use agreements” concluded during administration of the United States of the State of Chuuk but which are currently held to be unjust. The purpose of this Chapter is to authorize the Governor to enter into more equitable lease agreements for the retention of lands required by the Government for public use.

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