2018 US Code
Title 46 - Shipping
Subtitle III - Maritime Liability
Chapter 313 - Commercial Instruments and Maritime Liens
Subchapter II - Commercial Instruments
Sec. 31327 - Forfeiture of mortgagee interest
| 46 U.S.C. § 31327 (2018) | ||||
| §31327. Forfeiture of mortgagee interest | ||||
|
The interest of a mortgagee in a documented vessel or a vessel covered by a preferred mortgage under section 31322(d) of this title may be terminated by a forfeiture of the vessel for a violation of a law of the United States only if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation. |
||||
|
(Pub. L. 100–710, title I, §102(c), Nov. 23, 1988, 102 Stat. 4746.) |
||||
Section 31327 provides for forfeiture of the mortgagee's interest if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation that caused forfeiture of the vessel. This section makes no substantive change to law. EFFECTIVE DATESection effective Jan. 1, 1989, with certain exceptions and qualifications, see section 107 of Pub. L. 100–710, set out as a note under section 31301 of this title. |
||||
| United States Code, 2018 Edition, Title 46 - SHIPPING | ||||
| Bills and Statutes | ||||
| United States Code | ||||
| Y 1.2/5: | ||||
| Title 46 - SHIPPING Subtitle III - Maritime Liability CHAPTER 313 - COMMERCIAL INSTRUMENTS AND MARITIME LIENS SUBCHAPTER II - COMMERCIAL INSTRUMENTS Sec. 31327 - Forfeiture of mortgagee interest |
||||
| section 31327 | ||||
| 2018 | ||||
| January 14, 2019 | ||||
| Yes | ||||
| standard | ||||
| 102 Stat. 4746 | ||||
| Public Law 100-710 |
