MERCHANT SHIPPING ACT 1894 - SECT 5 Register book.

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MERCHANT SHIPPING ACT 1894 - SECT 5

Register book.

5. Every registrar of British ships shall keep a book to be called the
register book, and entries in that book shall be made in accordance with the
following provisions:

(i)The property in a ship shall be divided into sixty-four shares:

(ii)Subject to the provisions of this Act with respect to joint owners or
owners by transmission, not more than sixty-four individuals shall be entitled
to be registered at the same time as owners of any one ship; but this rule
shall not affect the beneficial title of any number of persons or of any
company represented by or claiming under or through any registered owner or
joint owner:

(iii)A person shall not be entitled to be registered as owner of a fractional
part of a share in a ship; but any number of persons not exceeding five may be
registered as joint owners of a ship or of any share or shares therein:

(iv)Joint owners shall be considered as constituting one person only as
regards the persons entitled to be registered, and shall not be entitled to
dispose in severalty of any interest in a ship, or in any share therein in
respect of which they are registered:

(v)A corporation may be registered as owner by its corporate name.

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Northern Irish Legislation

MERCHANT SHIPPING ACT 1894 - SECT 5