sec.539General provision about ownership while tenure or licence is in force for pipeline

### sec.539 General provision about ownership while tenure or licence is in force for pipeline This section applies while the land on which the pipeline is constructed is, and continues to be, land in the area of the petroleum tenure or licence. The pipeline is taken to be the personal property of the holder of the petroleum tenure or pipeline licence. The pipeline remains the holder’s personal property despite— it having become part of the land; or the sale or other disposal of the land. The pipeline 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. Subsections (2) to (4) apply despite— an Act or law of a State; or a contract, covenant or claim of right under a law of a State. s 539 amd 2004 No. 26 ss 181 , 69 (2) sch ; 2005 No. 3 s 105 sch ; 2007 No. 46 s 196 (sec.539-ssec.1) This section applies while the land on which the pipeline is constructed is, and continues to be, land in the area of the petroleum tenure or licence. (sec.539-ssec.2) The pipeline is taken to be the personal property of the holder of the petroleum tenure or pipeline licence. (sec.539-ssec.3) The pipeline remains the holder’s personal property despite— it having become part of the land; or the sale or other disposal of the land. (sec.539-ssec.4) The pipeline 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.539-ssec.5) Subsections (2) to (4) apply despite— an Act or law of a State; or a contract, covenant or claim of right under a law of a State. - (a) it having become part of the land; or - (b) the sale or other disposal of the land. - (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.