10 U.S.C. § 8865 — Sale of prize
submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 107 words · no verdicts yet
This section states when a prize court must order a sale and when it may order one by agreement. An appeal does not stop a sale order or its execution.
(a) The court must order a sale of prize property if— (1) the property has been condemned; (2) the court finds, at any stage of the proceedings, that the property is perishable, liable to deteriorate, or liable to depreciate in value; or (3) the cost of keeping the property is disproportionate to its value. (b) The court may order a sale of the prize property if, after the return-day on the libel, all the parties in interest who have appeared in the cause agree to it. (c) An appeal does not prevent the order of a sale under this section or the execution of such an order.
The court shall order a sale of prize property if—
the property has been condemned;
the court finds, at any stage of the proceedings, that the property is perishable, liable to deteriorate, or liable to depreciate in value; or
the cost of keeping the property is disproportionate to its value.
The court may order a sale of the prize property if, after the return-day on the libel, all the parties in interest who have appeared in the cause agree to it.
An appeal does not prevent the order of a sale under this section or the execution of such an order.
Source credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 479, § 7665; renumbered § 8865, Pub. L. 115–232, div. A, title VIII, § 807(d)(9), Aug. 13, 2018, 132 Stat. 1837.)
- 1956Enacted · Act of Aug. 10, 1956, ch. 1041
- 2018Amended · Pub. L. 115-232 · 132 Stat. 1837
A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.
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