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MERCHANT SHIPPING ACT 1894 - SECT 36

Mortgage not affected by bankruptcy.

36. A registered mortgage of a ship or share shall not be affected by any act
of bankruptcy committed by the mortgagor after the date of the record of the
mortgage, notwithstanding that the mortgagor at the commencement of his
bankruptcy had the ship or share in his possession, order, or disposition, or
was reputed owner thereof, and the mortgage shall be preferred to any right,
claim, or interest therein of the other creditors of the bankrupt or any
trustee or assignee on their behalf.


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© 1894 Crown Copyright

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