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U.S. Code, Title 46, Shipping
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 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.)
Historical and Revision Notes
Revised section
Source section (U.S. Code)
31327 46:961(b)
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.
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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 31327. Forfeiture of Mortgagee Interest," U.S. Code, Title 46, Shipping in U.S. Code, Title 46, Shipping (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed November 3, 2024, http://www.originalsources.com/Document.aspx?DocID=UN2H53NUUUL1B5U.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 31327. Forfeiture of Mortgagee Interest." U.S. Code, Title 46, Shipping, in U.S. Code, Title 46, Shipping, Washington, D.C., Government Printing Office, 2002, Original Sources. 3 Nov. 2024. http://www.originalsources.com/Document.aspx?DocID=UN2H53NUUUL1B5U.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 31327. Forfeiture of Mortgagee Interest' in U.S. Code, Title 46, Shipping. cited in 2002, U.S. Code, Title 46, Shipping, Government Printing Office, Washington, D.C.. Original Sources, retrieved 3 November 2024, from http://www.originalsources.com/Document.aspx?DocID=UN2H53NUUUL1B5U.
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