(1)
The join t farming society may, after the expiry of the period specified in the agreement executed by the member under sub-section (1) of section 97, purchase the lands pooled in the manner set out in clause (2) of section 93 by such member or exchange those lands for other lands of equal value belonging to the joint farming society.
(2)
(a) Notwithstanding anything contained in sub-section (1), the Government may, if they are of opinion that it is necessary to acquire the lands specified in sub-section (1), at any time, acquire those lands by publishing in the Tamil Nadu Government Gazette, a notice to the effect that the,Government have decided to acquire the lands in pursuance of this sub-section:
(b) When a notice as aforesaid is published in the Tamil Nadu Government Gazette, the lands to which such notice relates shall, on and from the beginning of the day on which the notice is so published, vest absolutely in the Government free from all encumbrances.
(4)
No land shall be acquired under this sub-section except in the following circumstances, namely:-
(i) where any works have, during the period specified in the agreement executed under sub-section (1) of section 97, been constructed on, in or over, the lands wholly or partially at the expense of the joint farming society and the Government decide that the value of or the right to use such works should be secured or preserved for the purposes of the joint farming society; or
(ii) where the lands to be acquired could not, in the opinion of the Government, be severed from the other lands which are cultivated in the manner specified in clause (2) of section 93, without detriment to the other lands cultivated as aforesaid.
(3)
(a) Where any lands acquired under sub-section (2) are transferred to a joint farming society and such joint farming society proposes to sell or otherwise transfer and such land or portion thereof or in the event of the joint farming society being ordered to be wound up, the Liquidator appointed under section 138, proposes to sell or otherwise transfer any such land or portion thereof, the person who immediately before the acquisition of such land or portion under sub-section (2) was the owner thereof (hereafter in this sub-section referred to as "the previous owner " which expression shall include his successors in interest) shall have the right to acquire such land or portion in preference to all other persons.
(b) The joint farming society or the liquidator, as the case may be, proposing to sell the land or portion thereof shall give notice to the previous owner of the price at which the joint farming society or the Liquidator is willing to sell it.
(c) The previous owner to whom a notice is given under clause (b) shall lose the right under clause (a), unless within three months from the date of the receipt by him of such notice he pays or tenders the price specified in such notice to the joint farming society or the Liquidator, as the case may be.