Sri Lanka Consolidated Acts

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Merchant Shipping Act (No. 52 of 1971) - Sect 66

Priority of mortgagee

66. If there are more mortgages than one registered in respect of the same ship or share, the mortgages shall, notwithstanding any express, implied or constructive notice, be entitled in priority, one over the other, according to the date at which each mortgage is recorded in the register book, and not according to the date of each mortgage itself.


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