§31308. Secretary of Commerce or Transportation as mortgagee
The Secretary of Commerce or Transportation, as a mortgagee under this chapter, may foreclose on a lien arising from a right established under a mortgage under chapter 537 of this title, subject to section 362(b) of title 11.
(
Pub. L. 100–710, title I, §102(c), Nov. 23, 1988, 102 Stat. 4741
;
Pub. L. 101–595, title VI, §603(13), Nov. 16, 1990, 104 Stat. 2993
;
Pub. L. 109–304, §15(28), Oct. 6, 2006, 120 Stat. 1704
;
Pub. L. 111–281, title IX, §913(b), Oct. 15, 2010, 124 Stat. 3017
.)
Historical and Revision Notes
| Revised section | Source section (U.S. Code) |
| 31308 |
46:952 (last sentence) |
Section 31308 allows the Secretary of Commerce or Transportation to foreclose on a lien arising from a right established under a mortgage under title XI of the Merchant Marine Act, 1936. This section makes no substantive change to law.
Amendments
2010-Pub. L. 111–281 substituted "The Secretary of Commerce or Transportation, as a mortgagee under this chapter," for "When the Secretary of Commerce or Transportation is a mortgagee under this chapter, the Secretary".
2006-Pub. L. 109–304 substituted "chapter 537 of this title" for "title XI of the Merchant Marine Act, 1936 (46 App. U.S.C. 1271 et seq.)".
1990-Pub. L. 101–595 substituted "(46 App. U.S.C. 1271 et seq.)" for "(46 App. U.S.C. 1241 et seq.)".