Section 70
Notice of trust not received.
The Merchant Shipping Act, 1958
About this Act
An Act to foster the development and ensure the efficient maintenance of an Indian mercantile marine in a manner best suited to serve the national interests and for that purpose to establish a National Shipping Board to provide for the registration, certification, safety and security of Indian ships and generally to amend and consolidate the law relating to merchant shipping.
No notice of any trust, express, implied or constructive, shall
be entered in the register book or be receivable by the registrar, and subject to any rights and powers
appearing by the register book to be vested in any other person, the registered owner of a ship or of a
share therein shall have power to dispose of the ship or share in the manner provided in this Act and
to give effectual receipts for any money paid or advanced by way of consideration.