Death, bankruptcy, etc., of registered owner

(1) Where the property in a registered ship is transmitted to another person on the death or bankruptcy of a registered owner, or by any lawful means other than by a voluntary (a) that person shall authenticate the transmission by making and signing a declaration (in this section called a declaration of transmission) identifying the ship and a statement of the manner in which, and the person to whom, the property has been transmitted; (b) if the transmission is consequent on bankruptcy, the declaration of transmission shall be accompanied by such evidence as is for the time being receivable in a court as proof of the title of persons claiming under a 27 (c) if the transmission is consequent on death, the declaration of transmission shall be accompanied by the of representation or an official extract therefrom. (2) The Registrar shall, on receipt of the declaration of transmission and the accompanying documents, enter in the Register the name of the person entitled under the transmission to be registered as owner of the ship, the property which has been transmitted, and where there is more than one such person, the names of all such persons.