(b) All property, assets and monies acquired for, or received by the State shall vest in the State. Land, sea and naturally occurring valuable resources 248. (a) The land, sea, and seabed, including all fish within the territory of the Maldives, and all naturally occurring resources, including metallic ores, petroleum and gas, shall vest in the State. (b) All living, non-living and naturally occurring resources of value within the Exclusive Economic Zone of the Maldives and the seabed shall vest in the State. Ownerless property 249. (a) Any property found within the territory of the Maldives and any property occurring in the seabed or found drifting in the sea, save those naturally occurring or formed in the sea, without a rightful owner, shall vest in the State. (b) All property such as gold, silver, other precious metals, jewellery, money and items of historical interest, excavated within the territory of the Maldives without a rightful owner, shall vest in the State. Transactions relating to State property 250. (a) Any transfer, sale, lease, release, mortgage (to any person) or destruction of, any property or assets owned by the State, and any such other agreement, shall only be entered into in accordance with law. (b) Money, property or any other thing kept as a reserve in the State Treasury shall be used only after approval by a resolution passed by a twothirds majority of the total membership of the People’s Majlis. 86