2018 US Code
Title 10 - Armed Forces
Subtitle C - Navy and Marine Corps
Part IV - General Administration
Chapter 883 - Prize
Sec. 8875 - Commissions of auctioneers
| 10 U.S.C. § 8875 (2018) | ||||||
| §8875. Commissions of auctioneers | ||||||
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(a) The Secretary of the Navy may establish a scale of commissions to be paid to auctioneers employed to make sales of prize property. These commissions are in full satisfaction of expenses as well as services. The scale may in no case allow a commission in excess of— (1) ½ of 1 percent on any amount exceeding $10,000 on the sale of a vessel; and (2) 1 percent on any amount exceeding $10,000 on the sale of other prize property. (b) If no such scale is established, auctioneers in prize causes shall be paid such compensation as the court considers just under the circumstances of each case. |
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(Aug. 10, 1956, ch. 1041, 70A Stat. 481, §7675; renumbered §8875, Pub. L. 115–232, div. A, title VIII, §807(d)(9), Aug. 13, 2018, 132 Stat. 1837.) |
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The word "amount" is substituted for the word "sum". AMENDMENTS2018—Pub. L. 115–232 renumbered section 7675 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 | ||||||
| Y 1.2/5: | ||||||
| Title 10 - ARMED FORCES Subtitle C - Navy and Marine Corps PART IV - GENERAL ADMINISTRATION CHAPTER 883 - PRIZE Sec. 8875 - Commissions of auctioneers |
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| section 8875 | ||||||
| 2018 | ||||||
| January 14, 2019 | ||||||
| Yes | ||||||
| standard | ||||||
| 132 Stat. 1837 | ||||||
| Public Law 115-232 |
