Execution Act 1844

XVII Goods in Possession, Order, or Disposition of Petitioner, whereof he was reputed Owner, to be deemed his Property.

And be it enacted, That if any Petitioner for Protection from Process shall, at the Time of filing his Petition, by the Consent and Permission of the true Owner thereof, have in his Possession, Order, or Disposition any Goods or Chattels whereof such Petitioner was reputed Owner, or whereof he had taken upon him the Sale, Alteration, or Disposition as Owner, the same shall be deemed to be the Property of such Petitioner, so as to become vested in the Assignee or Assignees for the Time being of the Estate and Effects of such Petitioner ; provided that no Transfer or Assignment of any Ship or Vessel, or any Share thereof, made as a Security for any Debt or Debts, either by way of Mortgage or Assignment, duly registered according to the Provisions of an [3 & 4 W. 4. c. 55.] Act made in the Session of Parliament held in the Third and Fourth Years of the Reign of His late Majesty King William the Fourth, intituled An Act for the registering of British Vessels, shall be invalidated or affected by reason of such Possession, Order, or Disposition of the same as aforesaid.