Malaysia legislation
Section 12
Section 12
Registration anew on change of ownership
(1)
Where there occurs a change in the ownership of a Langkawi yacht, the owner of the yacht shall, as soon as possible after the change occurs, notify the Director General in writing of such change, and the Director General may, at the request of the new owner, register the yacht anew.
(2)
Where a Langkawi yacht is to be registered anew, the Director
General shall carry out the same procedure as in the case of a first registration of a yacht, and upon the surrender of the existing certificate of registry for the yacht and upon compliance with all other prescribed conditions for registration, the yacht shall be registered anew and a new certificate of registry shall be issued.
(3)
Where a Langkawi yacht is registered anew—
(a)
its former registration shall be closed, except with regard to any unsatisfied mortgage entered in respect of such registration; and
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(b)
the names of all persons appearing in the former registration to be interested in the yacht as owners or mortgagees shall be entered in the new registration, and the registration anew shall not in any way affect the rights of any such persons.
Registration of alterations 12A. (1) Where a Langkawi yacht is so altered as not to correspond with the particulars relating to its tonnage or description as contained in the Yachts Register, the Director General shall, on an application being made to him by the owner of the yacht and on receipt of a certificate from a surveyor stating the particulars of the alteration, either cause the alteration to be registered or direct that the yacht be registered anew.
(2)
For the purpose of the registration of an alteration in a yacht, the certificate of registry shall be produced to the Director
General, and either that certificate may be retained by the Director
General and a new certificate issued containing a description of the yacht as altered, or an endorsement may be made and signed on the existing certificate of registry consisting of a notation of the alteration.
(3)
The particulars of the alteration so made, and the fact of the new certificate of registry having been issued, or an endorsement having been made on the existing certificate of registry, shall be entered in the Yachts Register.