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PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 78

PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 78

78—Entries in register on devolution of title etc

        (1)         A person upon whom the rights of a registered holder of a particular title have devolved by operation of law may apply in writing to the Minister to have his name entered in the register as the holder of the title.

        (2)         The Minister shall, if he is satisfied that the rights of the holder have devolved upon the applicant by operation of law and on payment of the prescribed fee enter the name of the applicant in the register as the holder of the title and, upon that entry being so made, the applicant becomes the registered holder of the title.

        (3)         Where a company that is the registered holder of a particular title has changed its name, it may apply in writing to the Minister to have its new name substituted for its previous name in the register in relation to that title and, if—

            (a)         the Minister is satisfied that the company has so changed its name; and

            (b)         the company has paid the prescribed fee,

the Minister shall make the necessary alterations in the register.