Cap. 246 Art. 4Non-residents may not acquire immovable property.

(1) Save as hereinafter provided, with effect from 30th May, 1974, a non-resident person may not acquire immovable property by or under any title, and in any manner, whatsoever, whether by act inter vivos or causa mortis, and including prescription, occupancy or accession; and any deed, will or other act purporting to transfer or transmit any immovable property to a non-resident person, and any devolution or other event having the effect of transmitting immovable property and which but for the provisions of this Act would have transmitted such property in favour of a non-resident person, shall be null and void and be without effect for all purposes of law and in regard to all persons; and any transfer, payment or other thing made or done or given as part or in consequence of, or as ancillary to, anything which is prohibited as aforesaid shall likewise be null and without effect and, as and where appropriate, the subject matter thereof shall be returned, restored, refunded, cancelled or otherwise dealt with accordingly.

(2) Sub-article (1) shall not apply to:

(a) the acquisition of a grave or a site for a grave by a non-resident person; and

(b) to the redemption by a non-resident person of any groundrent or other burden encumbering any immovable property lawfully acquired by such non-resident person.