Page 75 - Introduction to Investment Laws in Thailand

in Section 19 (4), as the case may be, such official shall notify the
Director-General of the Land Department within sixty days from
the date of issue of the order or the date of knowing such facts.
Section 19/7 (septem) An alien or juristic person
regarded by law as alien other than those specified in Section 19
who acquires an apartment by inheritance as statutory heir or
legatee or otherwise, as such case may be, shall notify in writing
the Competent Official within a period of sixty days from the date
of acquisition of ownership of apartment, and shall dispose of
such apartment within a period of not exceeding one year from
the date of acquisition of ownership of apartment. If disposition
is not made within said period, the provisions of the fourth
paragraph of Section 19 quinque shall apply mutatis mutandis.

Section 19/8 (octo) Any person who acquired ownership
of apartment while having Thai nationality, and subsequently
loses Thai nationality due to surrender of Thai nationality,
conversion of nationality or revocation of Thai nationality under
national law, and is not alien as specified in Section 19, shall
notify in writing the Competent Official of loss of Thai nationality
and the inability to continue to hold ownership of apartment
within a period of sixty days from the date of loss of Thai
nationality, and shall dispose of all apartments owned by him
within a period of not exceeding one year from the date of loss of
Thai nationality. If disposition is not made within said period, the
provisions of the fourth paragraph of Section 19 quinque shall
apply mutatis mutandis.

Section 19/9 (novem) Whoever acquires the ownership in
apartments at the time of having Thai national status, if later the
said person loses his Thai nationality because of forsaking Thai
nationality, denaturalisation or having been denaturalised of
Thai nationality under the law governing nationality, and the
said person is an alien as stipulated in Section 19, if wishing to
continue holding the ownership thereof, shall inform the
competent authority in writing of the loss of Thai nationality and

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