Protection of specified property laws preserves their validity against certain fundamental-rights challenges, subject to presidential assent for reserved State laws. The amendment immunises laws providing for State acquisition of estates, temporary State management, corporate amalgamation, and extinguishment or ... Summary
Protection of specified property laws preserves their validity against certain fundamental-rights challenges, subject to presidential assent for reserved State laws.
The amendment immunises laws providing for State acquisition of estates, temporary State management, corporate amalgamation, and extinguishment or modification of managerial, shareholder and mineral-related contractual rights from being deemed void on fundamental-rights grounds; State laws are covered only if reserved for Presidential consideration and assented to by the President, and specified traditional tenure rights are incorporated into the clause (2) references.
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