Merchant Shipping (Registration of Ships) Act 2014
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Transfer of property in ship on death, bankruptcy, etc. | ||
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50. (1) Where the property in a registered ship or in a share therein is transferred to a qualified person on the death or bankruptcy of any registered owner, or by any lawful means other than by a transfer under section 49 — | ||
(a) that person shall authenticate the transfer by making and signing a declaration (in this Part referred to as declaration of transfer) identifying the ship and containing the several statements required to be contained in a declaration of transfer under section 49 , or as near thereto as circumstances permit, and also a statement of the manner in which and the person to whom the property has been transferred, | ||
(b) if the transfer is consequent on bankruptcy, the declaration of transfer shall be accompanied by such evidence as is for the time being receivable in courts of justice as proof of the title of persons claiming under a bankruptcy, or | ||
(c) if the transfer is consequent on death, the declaration of transfer shall be accompanied by the instrument of representation, or an official extract therefrom. | ||
(2) The Minister, on receipt of the declaration of transfer made in accordance with subsection (1), shall enter in the Register the name of the person entitled under the transfer as owner of the ship or share the property in which has been transferred, and, where there is more than one such person, shall enter the names of all those persons, but those persons, however numerous, shall, for the purpose of this Act with respect to the number of persons entitled to be registered as owners, be considered as one person. |