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Revocation of vesting orders.
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7.—(1) The Minister may, subject to this section, by order revoke any vesting order under the Land Purchase Acts vesting specified land (in this section referred to as “the relevant land”) in the Commission or any declaration by the Commission having the effect of such a vesting order, in any case where the Commission has not entered into actual possession of the relevant land.
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(2) On the commencement of an order under this section the following provisions shall apply:
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(a) the title of the person from whom the relevant land was acquired to the land immediately before its acquisition shall, without any conveyance, assignment or transfer, revert to that person or, if that person has died since the making of the vesting order or declaration, to that person's personal representative;
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(b) any declaration under the Land Purchase Acts of an appointed day in respect of the relevant land shall be deemed to be cancelled;
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(c) all claims and charges which on the vesting of the relevant land attached to the purchase moneys shall reattach to the land;
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(d) any sum set aside on the redemption of land bonds issued as a result of the making of the vesting order or declaration the subject of the order and any interest that has accumulated on such bonds by way of dividends together with any deposit interest that has accumulated on such dividends and on any such sum before such commencement shall be paid to the Minister or the Minister for Finance as appropriate.
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(3) The Minister may recover from the person referred to in subsection (2) (a) (or, as the case may be, from his personal representative) any moneys expended by the Commission on the redemption of any annuity under the Land Purchase Acts or any other sums which before the commencement of this Act would have been payable out of the relevant land, and for this purpose shall have the same powers of recovery as he has in relation to the recovery of arrears of annuities under those Acts.
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(4) Notice of every proposed order under this section shall be published in Iris Oifigiúil and in at least one newspaper published and circulating in the county in which the land is situate or, if there is no such newspaper, in a daily newspaper published in the State and circulating in that county.
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(5) The Minister may by order revoke or amend an order under this section but no such order shall operate to restrict the title which by virtue of this section reverts as provided by subsection (2).
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