1.Prohibition of transfer of ownership

The ownership of Israel lands, being the lands in Israel of the State, the Development Authority or the Keren Kayemet Le-Israel, shall not be transferred either by sale or in any other manner.

2.Permission by Law

Section 1 shall not apply to classes of lands and classes of transactions determined for that purpose by Law.

3.Definition

In this Law, "lands" means land, houses, buildings and anything permanently fixed to land.

Comments:
This is the official translation. The Law was passed by the Knewwet on 19 July 1960 and published in Sefer Ha-Chukkim No. 312 dated 29 July 1960. Please note that Israel has no written constitution in one single document, but a set of Basic Laws.
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