Full text
[Repealed, 2001, c. 26, s. 332]
[Repealed, 2001, c. 26, s. 332]
A mortgage of a ship or a share in a ship does not have the effect of the mortgagee becoming, or the mortgagor ceasing to be, the owner of the ship, except to the extent necessary to make the ship or share available as security under the mortgage.