11. Restrictions on mortgaging lands of which title has passed or has been leased to a foreign national

Any land transferred or leased to a person or a company referred to in section 2(1) or 5(1), after the date on which the certificate of the speaker is endorsed in respect of this Act, shall not for any purpose be mortgaged or pledged to any bank licensed under the Banking Act, for a period of five years with effect from the execution of the relevant instrument of transfer or lease.

Any mortgage or pledge executed in contravention of subsection (1), shall be void.