47DNo dealing to be registered while caveat in force

#### 47D No dealing to be registered while caveat in force (1) Subject to this section, so long as a caveat remains in force in respect of a ship or a share in a ship, the Registrar shall not, except with the consent in writing of a person entitled to withdraw the caveat, enter in the relevant register particulars of any dealing with that ship or share. (2) Subsection (1) shall not operate to prevent the entry in the relevant register of a dealing with a ship or a share in a ship which, when the caveat was lodged with the Registrar, had previously been lodged with the Registrar in a form satisfactory for entry in the relevant register. (3) A caveat does not prevent the Registrar from entering in the relevant register the transmission of a ship, or of a share in a ship, to a person if the person becomes entitled to the transmission by operation of law, except to the extent that the caveat specifies otherwise.