Home>>Bare Acts>>Back to Index



49. Priority of mortgages.- If there are more mortgages than one reworded in respect of the same ship or share, the mortgagees shall, notwithstanding any express, implied or constructive notice, have priority according to the date on which each mortgage is recorded in the register book and not according to the date of each mortgaged itself.





Central Bare Acts
State Bare Acts





Home | Law Dictionary | Law Schools | Law Digest | Bare Acts | Disclaimer |  Privacy Policy

Partner Site: E-Magazine | Articles | Fun zone | Lawyers jokes | Short stories




Copy right : Indu Info (All rights reserved)