106. The expression " beneficial interest ", used in sections 35 and 105, includes interests arising under contract, and other equitable interests; and the intention of this Act is that, without prejudice to-
interests arising under contract or other equitable interests may be enforced by or against owners and mortgagees of ships in respect of their interests therein, in the same manner as in respect of any other personal property.
| (a) the provisions of this Act for the granting of notice of trust from being entered in the register book or received by the Registrar; or |
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| (b) the powers of disposition and of giving receipts conferred by this Act on registered owners and mortgagees; or |
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| (c) the provisions of this Act relating to the exclusion of unqualified persons from the ownership of Ceylon ships, |
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Sri Lanka Consolidated Acts