46 U.S.C. § 31327 Forfeiture of Mortgagee Interest

• Library: United States Statutes
• Edition: 2023 Edition
• Currency: Current through P.L. 118-19 (published on www.congress.gov on 10/06/2023)

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.

Cite as 46 U.S.C. § 31327

Source: Pub. L. 100-710, title I, §102(c), Nov. 23, 1988, 102 Stat. 4746.

current through 7/7/2023

<TABLE> <TR><TD colspan="2">HISTORICAL AND REVISION NOTES</TD> </TR> <TR> <TD>Revised section</TD> <TD>Source section (U.S. Code)</TD> </TR> <TR> <TD>31327</TD> <TD>46:961(b)</TD> </TR> </TABLE>