2014 US Code
Title 46 - Shipping (Sections 101 - 80509)
Subtitle III - Maritime Liability (Sections 30101 - 31343)
Chapter 313 - Commercial Instruments and Maritime Liens (Sections 31301 - 31343)
Subchapter II - Commercial Instruments (Sections 31321 - 31330)
Sec. 31324 - Retention and examination of mortgages of vessels covered by preferred mortgages
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 46 - SHIPPING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 46 - SHIPPING Subtitle III - Maritime Liability CHAPTER 313 - COMMERCIAL INSTRUMENTS AND MARITIME LIENS SUBCHAPTER II - COMMERCIAL INSTRUMENTS Sec. 31324 - Retention and examination of mortgages of vessels covered by preferred mortgages |
| Contains | section 31324 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 100-710, title I, §102(c), Nov. 23, 1988, 102 Stat. 4744. |
| Statutes at Large Reference | 102 Stat. 4744 |
| Public and Private Law | Public Law 100-710 |
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(a) On request, the owner, master, or individual in charge of a vessel covered by a preferred mortgage shall permit a person to examine the mortgage if the person has business with the vessel that may give rise to a maritime lien or the sale, conveyance, mortgage, or assignment of a mortgage of the vessel.
(b) A mortgagor of a preferred mortgage covering a self-propelled vessel shall use diligence in keeping a certified copy of the mortgage on the vessel.
(Pub. L. 100–710, title I, §102(c), Nov. 23, 1988, 102 Stat. 4744.)
| Revised section | Source section (U.S. Code) |
|---|---|
| 31324 | 46:923 |
Section 31324(a) provides for examination of mortgages of a vessel that is covered by a preferred mortgage by persons that have business with the vessel that may give rise to a maritime lien or the sale, conveyance, mortgage, or assignment of the mortgage. This subsection makes no substantive change to law.
Section 31324(b) requires that a certified copy of the mortgage must be on board a self-propelled vessel. This subsection makes no substantive change to law.
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