Merchant Shipping Act : Notice of trust not received. Indian Bare Acts :

Merchant Shipping Act,1958

Act No : 44

Section : Notice of trust not received.

70. Notice of trust not received. No notice of any trust, express, implied or constructive, shall be entered in the register book or be receivable by the registrar, and subject to any rights and powers appearing by the register book to be vested in any other person, the registered owner of a ship or of a share therein shall have power to dispose of the ship or share in the manner provided in this Act and to give effectual receipts for any money paid or advanced by way of consideration.