2018 US Code
Title 10 - Armed Forces
Subtitle C - Navy and Marine Corps
Part IV - General Administration
Chapter 883 - Prize
Sec. 8864 - Delivery of property on stipulation
| 10 U.S.C. § 8864 (2018) | ||||||
| §8864. Delivery of property on stipulation | ||||||
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(a) Prize property may be delivered to a claimant on stipulation, deposit, or other security, if— (1) the claimant satisfies the court that the property has a peculiar and intrinsic value to him, independent of its market value; (2) the court is satisfied that the rights and interests of the United States or of other claimants will not be prejudiced; (3) an opportunity is given to the United States attorney and the naval prize commissioner or the naval special prize commissioner to be heard as to the appointment of appraisers; and (4) a satisfactory appraisal is made. (b) Money collected on a stipulation, or deposited instead of it, that does not represent costs shall be deposited with the Treasurer of the United States or a public depositary in the same manner as proceeds of a sale. |
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(Aug. 10, 1956, ch. 1041, 70A Stat. 479, §7664; renumbered §8864, Pub. L. 115–232, div. A, title VIII, §807(d)(9), Aug. 13, 2018, 132 Stat. 1837.) |
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34 U.S.C. 1142 and this section reflect the Act of March 3, 1899, ch. 413, §13, 30 Stat. 1007, which repealed laws authorizing distribution of prize proceeds to captors, and the Act of May 29, 1920, ch. 214, §1, 41 Stat. 654, which requires substitution of "Treasurer of the United States or public depositary" for "assistant treasurer". AMENDMENTS2018—Pub. L. 115–232 renumbered section 7664 of this title as this section. EFFECTIVE DATE OF 2018 AMENDMENTAmendment by Pub. L. 115–232 effective Feb. 1, 2019, with provision for the coordination of amendments and special rule for certain redesignations, see section 800 of Pub. L. 115–232, set out as a note preceding section 3001 of this title. |
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| United States Code, 2018 Edition, Title 10 - ARMED FORCES | ||||||
| Bills and Statutes | ||||||
| United States Code | ||||||
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| Title 10 - ARMED FORCES Subtitle C - Navy and Marine Corps PART IV - GENERAL ADMINISTRATION CHAPTER 883 - PRIZE Sec. 8864 - Delivery of property on stipulation |
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| section 8864 | ||||||
| 2018 | ||||||
| January 14, 2019 | ||||||
| Yes | ||||||
| standard | ||||||
| 30 Stat. 1007 41 Stat. 654 132 Stat. 1837 |
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| Public Law 115-232 |
