46 USC App 864b: Elements considered in sale of vessels in determination of selling price
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46 USC App 864b: Elements considered in sale of vessels in determination of selling price Text contains those laws in effect on January 23, 2000
From Title 46-AppendixCHAPTER 24-MERCHANT MARINE ACT, 1920
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§864b. Elements considered in sale of vessels in determination of selling price

On and after June 29, 1949, no sale of a vessel by the Maritime Administration of the Department of Transportation shall be completed until its ballast and equipment shall have been inventoried and their value taken into consideration by the Maritime Administration in determining the selling price.

(June 29, 1949, ch. 281, §1, 63 Stat. 349 ; Pub. L. 97–31, §12(36), Aug. 6, 1981, 95 Stat. 156 .)

Codification

Section was not enacted as part of the Merchant Marine Act, 1920, which comprises this chapter.

Amendments

1981-Pub. L. 97–31 substituted "Maritime Administration of the Department of Transportation" for "Maritime Commission" and "Maritime Administration" for "Commission", meaning United States Maritime Commission.