Vema Seamount Settled Land Act becomes law of the territory

The ‘Settlement (Vema Seamount Settled Land Act) Mount Vema 2019’, has come into operation today, as Order No.20 SI/MV2019/20, in accordance with the 2006 Declaration of Sovereignty, after receiving the Royal Mount Vema Seal of Approval on the 21st of January 2019.
 
The legislation is an Act relating to power to grant land for public and charitable purposes, powers of tenants for life, power for tenant for life to enter into contracts, powers of sale and exchange, regulations related to rents of land for building, and fishing, and matters relating to general settlement in the Kingdom of Mount Vema – The Vema Seamount Territory.
               
The Act also defines what is settled land and what constitutes a settlement within the Vema Seamount Territorial Waters, including a deed, will, agreement for a settlement or other agreement, as well as the duration of settlements and any limitation, charge, or power of charging under the settlement.