Sažetak Once a limited liability fund is established, the procedure is governed by the Yugoslav Maritime and Inland Navigation Act and not by the Yugoslav Law of Executive Procedure.
The fund is deemed to be established when proof of deposit of funds approved for the establishment of the fund is submitted to the court. After the establishment of the fund the executive procedure is stayed and all previously accomplished activities in the executive procedure are cancelled. If partial payment of the debt is effected in the executive procedure conducted before the establishment of the fund of limited liability, the possible remainder of the debt, according to the provisions regarding the ship operator's limited liability, will relate only to the debt that is left over after the establishment of the fund. The utmost limit of this liability is the sum with which the fund was established.