If any vessel registered under the laws of American Samoa is sold or transferred in whole or in part, by way of trust, confidence or otherwise, to any other person and such sale or transfer is not be made known immediately to the board, such vessel, together with her tackle, apparel, and furniture, shall be forfeited. If such vessel, however, is so owned in part only and it is made to appear to the board that any other owner or owners of such vessel was (were) wholly ignorant of the sale or transfer the sale or interest of such owner or owners shall not be subject to such forfeit, and the residue only shall be so forfeited.History: Bd. of Mar. Insp. Regs., eff 16 Oct 72, § 3.03.