Central Act
31
Section 31. Transmission of interest in mortgage in certain circumstances.
The Merchant Shipping Act, 2025
In forceAll India (Central Act)
31. Transmission of interest in mortgage in certain circumstances. The transmission of the interest of a mortgagee in a vessel or share on death, or insolvency, or by any lawful means other than by a transfer under this Act shall be in accordance with such procedure and subject to such conditions as may be prescribed.