Section 24Transmission of property in Indian vessel on death, insolvency, etc

Section 24: Transmission of property in Indian vessel on death, insolvency, etc

24. Transmission of property in Indian vessel on death, insolvency, etc

The property in an Indian vessel or share therein may be transmitted to a person on the death or insolvency of any registered owner or by any lawful means other than by a transfer under this Act subject to such conditions as may be prescribed.