Central Act
24
Section 24. Transmission of property in Indian vessel on death, insolvency, etc.
The Merchant Shipping Act, 2025
In forceAll India (Central Act)
24. Transmission of property in Indian vessel on death, insolvency, etc. The property in an Indian vessel or share therein may be transmitted to a person on the death or insolvency of any registered owner or by any lawful means other than by a transfer under this Act subject to such conditions as may be prescribed.