§ 56308. Transfer of substitute vessels
416 words·~2 min read·
/usc/title-46/section-56308A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the case of any vessel constructed in the United States after January 1, 1937, which has been taken by the United States for use in any manner, the Secretary of Transportation, if in his opinion the transfer would aid in carrying out the policies of this Act,1 is authorized to transfer to the owner of such vessel another vessel which is deemed by the Secretary to be of comparable type with adjustments for depreciation and difference in design or speed, and to the extent applicable, such other adjustments and terms and conditions, including transfer of mortgage obligations in favor of the United States binding upon the old vessel, as the Secretary may prescribe.
(Added and amended Pub. L. 115–91, div. C, title XXXV, § 3502(a)(2), (b)(5), Dec. 12, 2017, 131 Stat. 1910.)
Connections1 cite this · traces to 3
Cited by 1 section
U.S. Code
Traces to 3 documents
9 references not yet in our index
- 1
- 131 Stat. 1910
- act Mar. 8, 1946, ch. 82
- 60 Stat. 41
- section 4401 of Title 50
- act Mar. 8, 1946, ch. 82, § 8(d)
- 60 Stat. 46
- Pub. L. 97–31, § 12(154)
- 95 Stat. 167
Citation graph
cites case law
§ 56308
Transfer of substitute vessels
U.S.C.×1
Cite1
Stat.131 Stat. 1910
Actact Mar. 8, 1946, ch. 82
Stat.60 Stat. 41
Citesection 4401 of Title 50
Cites 12 · showing 8Cited by 1 across 1 source