Lawzonline.com

 

 

 


 Home>>Bare Acts>>Back to Index

 

 

51. Rights of mortgagee.- (1) A registered mortgagee of a ship or share hall be entitled to recover the amount due under the mortgage in the High Court, and when passing a decree or thereafter the High Court may direct that the mortgaged ship or share be sold in execution of the decree.

(2) Subject to the provisions of sub-section (1), no such mortgagee shall merely by virtue of the mortgagee be entitled to sell or otherwise dispose of the mortgaged ship or share.

 

 

 

 

Central Bare Acts
State Bare Acts

  

 

 

 


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


  
  
 

 

 

Copy right : Indu Info (All rights reserved)