Plantation sublicence may be transferred
61QR Plantation sublicence may be transferred
A plantation sublicensee may transfer its rights and obligations under a plantation sublicence to another corporation (new sublicensee) only with the Minister’s written approval.
A transfer of a plantation sublicence approved by the Minister must be registered.
A transfer of a plantation sublicence has effect, on its registration, to transfer the obligations of the plantation sublicensee under the plantation sublicence to the new sublicensee despite any rule of law to the contrary.
If the Minister decides to refuse to approve the transfer, the plantation sublicensee must be given a written notice of the decision and the reasons for it.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.