§ 31327. Forfeiture of mortgagee interest

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The interest of a mortgagee in a documented vessel or a vessel covered by a preferred mortgage under section 31322(d) of this title may be terminated by a forfeiture of the vessel for a violation of a law of the United States only if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation.

(Pub. L. 100–710, title I, § 102(c), Nov. 23, 1988, 102 Stat. 4746.)

Section 31327 provides for forfeiture of the mortgagee’s interest if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation that caused forfeiture of the vessel. This section makes no substantive change to law.

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U.S. Code

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Pub. L. 100–710, title I, § 102(c)
102 Stat. 4746
section 107 of Pub. L. 100–710

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§ 31327

Forfeiture of mortgagee interest

U.S.C.§ 31322

U.S.C.§ 31301

Pub. L.Pub. L. 100–710, title I, § 102(c)

Stat.102 Stat. 4746

Pub. L.section 107 of Pub. L. 100–710

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