Section 18: Equitable interests
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
18. Equitable interests
(1) Subject to subsection (2), no express, implied or constructive trust
shall be registered by the Registrar.
(2) Where, on the bankruptcy of a registered owner or mortgagee, his title is transmitted to his trustee in bankruptcy, that person may be registered
as the owner or mortgagee of a Mauritius ship or of a share in the ship,
where the ship remains entitled to be registered as a Mauritius ship under
section 16.
(3) The expression “beneficial interest”, where used in this Part, includes
interests arising under contract or by operation of law, and without prejudice
to subsection (1) or to the powers of disposition and of giving receipts conferred by this Act on registered owners and mortgagees, interests arising
under contract or by operation of law may be enforced by or against owners
and mortgagees of ships in respect of their interest therein in the same manner as in respect of any other personal property.
(4) Where a person is beneficially interested, otherwise than by way of
mortgage, in a ship or a share in a ship registered in the name of some other
person as owner, the person so interested shall, as well as the registered
owner, be subject to all pecuniary penalties imposed by this Act or any other
enactment on the owner of a ship or a share in the ship.
Sub-Part II – Registration (other than Bareboat Charter Ships)