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Displaying 31 - 35 of 40Chapter 13 of Title 24 of the Chuuk State Code - Real Property Security Instruments Act of 1997.
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.
Chapter 7 of Title 24 of the Chuuk State Code - State Lease Agreements.
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.
Chapter 1 of Title 24 of the Chuuk State Code - Tide Lands.
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.
Chapter 3 of Title 24 of the Chuuk State Code - Coordinated Systems.
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.
Chapter 1 of Title 30 of the Code of Federated States of Micronesia- Federated States Development Bank.
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.