Page 73 - Introduction to Investment Laws in Thailand

applying for the acceptance of transfer, not exceeding the ration
prescribed in the first paragraph of Section 19 bis, or being in
accordance with the second paragraph and the third paragraph
of Section 19 bis, the competent authority shall proceed with the
registration of rights and juristic acts concerning apartments
under Chapter 4 for such aliens or juristic person applying for
the acceptance of transfer.

Section 19/5 (quinque) The alien or juristic person as
provided in Section 19 shall dispose the apartment with regards
to the following cases:

1. When the alien or juristic person stipulated in
Section 19 have acquired apartments by legacy in
the capacity of statutory heir or inheritor under
will or by other means as the case may be, and
when include the apartment already held by such
aliens or juristic person stipulated in Section 19
exceeding the ratio prescribed in the first
paragraph of Section 19 bis or not being in
accordance with the second paragraph or the
third paragraph of Section 19 bis;
2. Where the permission to have residence in the
Kingdom of the alien as specified in Section 19 is
revoked, or his residence certificate is no longer
valid;
3. Where the alien as specified in Section 19 (1), (2)

and (5) is deported out of the Kingdom, and has
not received a relaxation or is not sent to earn a
living anywhere instead of being deported;
4. Where the alien as specified in Section 19 (4) does
not receive permission from the Board of
Investment to stay in the Kingdom;
5. Where the promotion certificate of the juristic
person as specified in Section 19 (4) is revoked.

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