§ 8865. Sale of prize

241 words·~1 min read·/usc/title-10/section-8865

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(a)The court shall order a sale of prize property if—

(1)the property has been condemned;

(2)the court finds, at any stage of the proceedings, that the property is perishable, liable to deteriorate, or liable to depreciate in value; or

(3)the cost of keeping the property is disproportionate to its value.

(b)The court may order a sale of the prize property if, after the return-day on the libel, all the parties in interest who have appeared in the cause agree to it.

(c)An appeal does not prevent the order of a sale under this section or the execution of such an order.

(Aug. 10, 1956, ch. 1041, 70A Stat. 479, § 7665; renumbered § 8865, Pub. L. 115–232, div. A, title VIII, § 807(d)(9), Aug. 13, 2018, 132 Stat. 1837.)

In subsection

(a)the word “perishing” is omitted as surplusage. The words “in value” are added after “depreciate” for clarity.

In subsection

(c)the words “An appeal does not prevent” are substituted for the words “no appeal shall operate to prevent”.

Connectionstraces to 2

Traces to 2 documents

public-private-law

John S. McCain National Defense Authorization Act for Fiscal Year 2019
Public Law 115-232

U.S. Code

Defense acquisition system; element of the defense acquisition system
§ 3001

4 references not yet in our index

Aug. 10, 1956, ch. 1041
70A Stat. 479
132 Stat. 1837
section 7665 of this title

Citation graph

cites case law

§ 8865

Sale of prize

Pub. L.Public Law 115-232

U.S.C.§ 3001

ActAug. 10, 1956, ch. 1041

Stat.70A Stat. 479

Stat.132 Stat. 1837

Citesection 7665 of this title

Cites 6Cited by 0 across 0 sources