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(a) the holding shall not be transferred, subdivided, or let by him without the consent of the Land Commission, and every attempted transfer, subdivision, or letting in contravention of this provision shall be void, and on any such contravention the holding shall, at the option of the Land Commission, revest in the Land Commission:
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(b) the holding shall not, nor shall any stock or other chattels provided for him by means of a grant or loan under the Irish Land Act, 1903, be made available in any bankruptcy or by any other process or proceeding of law to pay, satisfy, or discharge in whole or in part any debt contracted or incurred by him prior to the date on which the holding became vested in him other than a debt due to the Land Commission.
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