§749. Arbitration, compromise, or settlement of claims

The Secretary of any department of the Government of the United States, or the board of trustees of such corporation, are, and each is, authorized to arbitrate, compromise, or settle any claim in which suit will lie under the provisions of sections 742, 744, and 750 of this Appendix.

(Mar. 9, 1920, ch. 95, §9, 41 Stat. 527 ; Pub. L. 92–417, §3, Aug. 29, 1972, 86 Stat. 656 ; Pub. L. 97–31, §12(25)(C), Aug. 6, 1981, 95 Stat. 155 .)

References in Text

Such corporation, referred to in text, probably means a corporation mentioned in section 741 of this Appendix.

Amendments

1981-Pub. L. 97–31 struck out reference to the United States Shipping Board.

1972-Pub. L. 92–417 struck out "having control of the possession or operation of any merchant vessel" before "are, and each is".

Cross References

Payment of judgment, award, or settlement, see section 748 of this Appendix.

Section Referred to in Other Sections

This section is referred to in section 748 of this Appendix.