MS Act 30Chapter III · Registration of Vessels
Section 30 · Transfer of mortgages
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(1) A registered mortgage of a vessel or share may be transferred to
any person in such manner and the instrument effecting the transfer shall be in such form as may be
prescribed.
(2) The person to whom any such mortgage has been transferred shall enjoy the same right of preference as was enjoyed by the transferor.
(2) The person to whom any such mortgage has been transferred shall enjoy the same right of preference as was enjoyed by the transferor.
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