122Interest in recreational vessel not to be transferred

122 Interest in recreational vessel not to be transferred (1) A person on whom a notice is served under section 121(1) must not, before the application referred to in the notice is made and determined, or if an impoundment or immobilisation order or a forfeiture order is made, before the recreational vessel is seized under this Part, without the approval of the relevant court, sell or otherwise dispose of any interest in the recreational vessel that is the subject of the notice. (2) Subsection (1) ceases to apply if— (a) the master is found not guilty of the relevant offence for which the application is made; or (b) the Chief Commissioner of Police does not make the application referred to in the notice within 28 days after the master is sentenced for a relevant offence; or (c) the charge for that relevant offence is withdrawn.