5Vesting of former smelter site

#### 5 Vesting of former smelter site 5 Vesting of former smelter site > > (1) On the vesting day the former smelter site— > > > > > (a) is vested in the Development Corporation, and > > > > > (b) is freed and discharged from all estates, interests, trusts, restrictions, dedications, reservations, easements, rights, charges, rates and contracts in, over or in connection with the land other than a preserved interest. > > > (2) The Development Corporation is entitled to vacant possession of the former smelter site on the vesting day and a person is entitled to remain in occupation only with the written agreement of the Development Corporation. > > > (3) No compensation is payable to any person or body in connection with the operation of subsection (1) or (2), except as provided by section 6. > > > (4) In this section— > > > > preserved interest means any of the following interests shown on the title of land forming part of the former smelter site immediately before the notification day— > > > > > (a) an easement, > > > > > (b) an access right, > > > > > (c) a covenant, > > > > > (d) a restriction on use, > > > > > (e) a leasehold interest.