Cap. 432 чл. 3Reversion of land and rights and interest therein. Cap. 296.

(1) Subject to the provisions of this Act any land within a Building Development Area acquired in full ownership under the provisions of the Act as provided in article 5 thereof, upon publication in the Government Gazette of a legal notice to the effect that Government is relinquishing ownership of the said land, shall with effect from the date on which the land in question was acquired as aforesaid, and by virtue of this Act without any other formality required bylaw, revert to the person or persons to whom the land belonged, whether in full ownership or by title of direct or bare ownership, direct or utile dominium, usufruct, use or habitation, as if the acquisition by virtue of article 5 of the Act has never taken place.

(2) Upon such reversion any charge, hypothec or privilege and any other real right not mentioned in subarticle (1), as well as any lease to which the land was subject, shall revive as if it had never ceased to exist and shall continue to be operative, subject to the cessation or extinction of such right which would have ceased or have been extinguished before such reversion either in accordance with any agreement or by operation of law had the acquisition contemplated by the Act not taken place.

(3) The owners of the land shall register their title at the Land

Registry in terms of the Land Registration Act within three months of such reversion. Such registration will not entitle them to an immediate issue of a "guaranteed title".