Personal Law Business Law Packages & Subscriptions
Français About us Sign up Log in
Interactive legal guides Legal frequently asked questions Legal blog Videos
ONLINE LEGAL DOCUMENTS
Frequently asked questions > Maritime > General informations > How many registered joint owners of a boat can there be?

How many registered joint owners of a boat can there be?

In theory, there could be 320 owners of a vessel because each share in the vessel, there are 64, can be held by a maximum of 5 persons.

In practice, five persons at the most can be registered in the Register as joint owners of the vessel. Should there be more than five joint owners, the recommended solution is the constitution (also known as the incorporation) of a business corporation which will be the registered owner of the vessel, the joint owners becoming shareholders of the business corporation, itself the owner of the vessel.

This browser does not support this kind of file. Please download the file to view it: Download the file