Colombian Commercial Code - Decree 410 of 1971 - Book Five - Navigation - Preliminary Chapter - General Provisions - From: Section 1426 to: 1428 Art
BOOK FIVE NAVIGATION PRELIMINARY CHAPTER Common provisions Section 1426 .- The national airline and shipping companies, commercial, participation, directly or indirectly, of capital belonging to foreigners may not exceed forty percent of the total linked to these companies. Section 1427 .- The acts or contracts involving the domain or aimed at the creation of real rights on larger ships or aircraft are perfected by deed. Only the respective deed recorded in the captaincy of the port of registry or national aircraft registry, as appropriate. The tradition of such registration shall be accompanied by physical delivery. Small craft shall be subject to the provisions of the regulations. Section 1428 .- For the purposes of delivery of ships or aircraft, the owner or purchaser may request administrative relief to the maritime or aeronautical authority for it to prevent its operation.