Malaysia legislation
Section 40
Section 40
(a)
he has made an application to the Registrar;
and
(b)
the Registrar is satisfied that the ship continues to be owned to an extent as may be determined by the Minister by a person who is qualified to own a Malaysian ship.
(2)
Where an application under subsection (1) is granted by the Registrar, he shall cause the applicant’s name to be registered as the owner of the ship.
Merchant Shipping (Amendment)
23
Transmission of shares in registered ship by order of Court.