71.
| (1) Where the interest of a mortgagee in a ship or share is transmitted by bankruptcy, death, or by any lawful means, other than by a transfer under this Part, the transmission shall-
| | (a) be authenticated by a declaration of the person to whom the interest is transmitted, containing a statement of the manner in which and the person to whom the property has been transmitted; and | | |
| | (b) be accompanied by the like evidence as is by this Part required in the case of a corresponding transmission of the ownership of a ship or share. | | |
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| (2) The Registrar, on the receipt of the declaration and the production of the evidence referred to in subsection (1), shall enter the name of the person entitled under the transmission in the register book as mortgagee of the ship or share. |
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Sri Lanka Consolidated Acts