12Land not required

12 Land not required

[Section 12 Subsection (1) amended by No. 22 of 1960, s. 13 and Sched. 1 ]**[Section 12 Subsection (1) amended by No. 24 of 1993, s. 3 and Sched. 1 ]

(1)  *[Section 12 Subsection (1) amended by No. 78 of 1952, s. 4 ]*Where any land held by the Board under this Act and not at any time granted as provided in Part III is not in the opinion of the Board required for the purposes of this Act, the Board may, subject to section twelve A –

(a) if the Board acquired it under the Public Authorities' Land Acquisition Act 1949 or the Land Acquisition Act 1993 , sell it to any person, by auction or public tender and shall, in respect of any such sale, have the powers conferred on trustees by section sixteen of the Trustee Act 1898 ; or

(b) if vested in the Board under section nine of this Act, surrender it to the King and upon registration of the instrument of surrender the land surrendered shall be held subject to the Closer Settlement Act 1957 .

(2)  *[Section 12 Subsection (2) substituted by No. 22 of 1960, s. 3 ]*Where land granted as provided in Part III has reverted to the Board by surrender, forfeiture, or escheat, and the Board declares that it is impossible to dispose of it as provided in section thirty-two , the Board shall –

(a) sell the land as trustee for all persons interested therein, including the person entitled to tenant right under section twenty-seven and to compensation under section twenty-seven A , whose claims therefor are a charge on the proceeds of sale; or

(b) surrender it to the King, and upon registration of the instrument of surrender the land surrendered shall be held subject to the Closer Settlement Act 1957 .