sec.271Ownership of equipment and improvements

### sec.271 Ownership of equipment and improvements While the equipment or improvements are on the land they remain the property of the person who owned them immediately before they were taken onto or constructed or placed on the land, unless that person otherwise agrees. See, however, section 361 (Obligation to remove equipment and improvements). However, for a geothermal well, subsection (1) is subject to part 3 , division 2 . part 3 , division 2 (Decommissioning of geothermal wells) Subsection (1) applies despite— the plant or equipment having become part of the land; or the sale or other disposal of the land of which the plant or equipment has become a part. The equipment or improvements can not be— levied or seized in execution; or sold in exercise of a power of sale or otherwise disposed of by a process under a law of a State taken against the holder or the owner of the land. This section applies despite— an Act or law of a State; or a contract, covenant or claim of right under a law of a State. (sec.271-ssec.1) While the equipment or improvements are on the land they remain the property of the person who owned them immediately before they were taken onto or constructed or placed on the land, unless that person otherwise agrees. See, however, section 361 (Obligation to remove equipment and improvements). (sec.271-ssec.2) However, for a geothermal well, subsection (1) is subject to part 3 , division 2 . part 3 , division 2 (Decommissioning of geothermal wells) (sec.271-ssec.3) Subsection (1) applies despite— the plant or equipment having become part of the land; or the sale or other disposal of the land of which the plant or equipment has become a part. (sec.271-ssec.4) The equipment or improvements can not be— levied or seized in execution; or sold in exercise of a power of sale or otherwise disposed of by a process under a law of a State taken against the holder or the owner of the land. (sec.271-ssec.5) This section applies despite— an Act or law of a State; or a contract, covenant or claim of right under a law of a State. - (a) the plant or equipment having become part of the land; or - (b) the sale or other disposal of the land of which the plant or equipment has become a part. - (a) levied or seized in execution; or - (b) sold in exercise of a power of sale or otherwise disposed of by a process under a law of a State taken against the holder or the owner of the land. - (a) an Act or law of a State; or - (b) a contract, covenant or claim of right under a law of a State.