Vesting of property in State on abortive sale of realty and continued default in payment

(1) When the whole of any land or any house in respect of which a levy is made, is offered for sale and no bid is made for it equal to or in excess of the tax, fines, costs and charges thereon, it shall be liable to forfeiture at the discretion of the (2) As a condition precedent to the forfeiture the Chief Collector shall cause to be served on the defaulter a notice that such land or house is liable to forfeiture within one month from the date of the service of the notice, if the amount due be not paid. (3) When any land or house has been declared by the Minister to be forfeited it shall vest in the Government of Belize. (4) The Chief Collector shall forward to the Registrar of the Court for the purpose of registration a statement in a form to be prescribed by the Minister, which statement shall contain the particulars of the land or house, the name of the person in default, the amount due, the date of the abortive sale, and the date of the service of the notice of liability to forfeiture. (5) The registration of the statement shall constitute an indefeasible title.