Validation of Gratuitous Conveyances Act (Cap. 157).
An Act to validate and confirm conveyances by companies of real and personal property which have been made without any or any adequate consideration passing to the companies making such conveyances.
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LEX-FAOC078631
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This Act creates a general validation of acts of conveyances, for which no or no adequate compensation has been given to the conveyor, of real and personal property including leases, mortgages and any other instrument purporting to effect the transfer of any estate or interest in real or personal property from a company to any person. The Act consequentially extinguishes claims adverse to such conveyances. The provisions of this Act shall not affect bona fide purchase or invalidation of fraudulent conveyances by court.
