Electronic Code of Federal Regulations
|
e-CFR data is current as of January 14, 2021 |
Title 46 → Chapter I → Subchapter G → Part 67 → Subpart E → §67.81 |
Title 46: Shipping
PART 67—DOCUMENTATION OF VESSELS
Subpart E—Acceptable Title Evidence; Waiver
§67.81 Passage of title in conjunction with a corporate merger or similar transaction.
When the title to a vessel has passed as the result of a corporate merger or similar transaction wherein the assets of one corporation have been transferred to another, the passage of title must be established by:
(a) Materials, such as a resolution of the board of directors or shareholders of the corporation which held title to the vessel before the transaction, which either unequivocally transfers all of the assets of the corporation or which specifically identifies the vessel as being among the assets transferred; and
(b) In jurisdictions where there is an official recognition of corporate mergers and similar transactions, a copy of such official recognition certified by the cognizant official of that jurisdiction.