Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPriority of Instruments of mortgage
| 18. When there are more instruments of mortgage than One registered in respect of the same local fishing boat, such instruments shall be entitled to priority one over the other according to the date on which such instrument is registered and net according to the date of execution :Provided that, fraud or collusion in securing the prior registration of any instrument of mortgage shall defeat the priority of the person claiming thereunder, |