Sri Lanka Consolidated Acts

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Merchant Shipping Act (No. 52 of 1971) - Sect 118

Penalty for acquiring ownership if unqualified,

118. If an unqualified person acquires as owner (otherwise than by such transmission as is hereinbefore provided) any interest, either legal or beneficial, in a ship using a Ceylon flag and assuming a Ceylon character, that interest shall be subject to forfeiture under this Act.

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