(1) Where property purchased under the Land Purchase Acts and registered with a possessory title has been acquired on sale or by a statutory authority and the purchase money compensation or value thereof does not exceed €1,000,000, the Authority may, on an application by the solicitor for the applicant certifying that he/she has investigated the title prior to first registration and that on such investigation no adverse rights, restrictive covenants or incumbrances were disclosed, convert the title into an absolute title.
(2) The application shall be in Form 13, with such modifications as the case may require.