s 36 Registered mortgagee’s power of sale
(1) Subject to subsection (2), every registered mortgagee of a Langkawi yacht or a share in the yacht shall have, where the mortgage money or any part of it is due, the power to sell the Langkawi yacht or the share in the yacht and to give effectual receipts for the purchase money. (2) Where two or more mortgagees are registered in respect of the same Langkawi yacht or the same share in the yacht, a subsequent mortgagee shall not, except under an order of the Court, sell the yacht or the share in the yacht without the concurrence of every prior mortgagee.