Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsRegistered mortgage of local fishing boat to subsist
| 19. Notwithstanding anything in any other law, where art instrument of mortgage of a local fishing boat is registered under section 17, any sole or other disposition of the local fishing boat by or against the mortgagor shall not, so long as the mortgage continues in force, extinguish or be deemed to extinguish , the mortgage of that local fishing boat which shall remain subject to the mortgage in the hands of the transferee or other person in whose favour such disposition is effected. |