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MERCHANT SHIPPING ACT 1894 - SECT 35

Mortgagee to have power of sale.

35. Every registered mortgagee shall have power absolutely to dispose of the
ship or share in respect of which he is registered, and to give effectual
receipts for the purchase money; but where there are more persons than one
registered as mortgagees of the same ship or share, a subsequent mortgagee
shall not, except under the order of a court of competent jurisdiction, sell
the ship or share, without the concurrence of every prior mortgagee.

© 1894 Crown Copyright

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