Cap. 573 чл. 52Deposit for compensation.

(1) The authority shall deposit in an interest bearing bank account which will guarantee a minimum of interest as per annum the Minister may by regulation under this sub-article prescribe, a sum equal to the amount of compensation offered in the Declaration drawn up by the chairperson of the Board of Governors of the Lands Authority.

(2) If there is no contestation as referred to in article 41, the deposit referred to in sub-article (1) shall be made within a period of fifteen days running from when the time for contesting the Declaration has elapsed. If there is a contestation which is then dismissed, the fifteen day period starts running from when the decision of the Arbitration Board or the Court of Appeal (Superior Jurisdiction) has become res judicata.

(3) Whosoever satisfies the Arbitration Board that he is an owner of that land by virtue of a valid title may request for the Board’s authorization to withdraw the deposited sum as referred to in this article, together with the interest accrued thereon.

(4) This action shall be done by means of an application filed in the registry of the Arbitration Board which shall be addressed against the authority who shall have a right of reply within twenty days from when it has been served with the application.

(5) The amount deposited as provided in this article together with any interests accruing thereon may be withdrawn whether or not the sum deposited as compensation has been accepted as the amount of compensation due, and the withdrawal of such deposit interests shall not prejudice the right competent to any person to take action according to this Act for the purpose of determining any further compensation that may be payable to him in accordance with this Act.