26 U.S.C. § 5611 — Release of distillery before judgment
submitted 68 years ago by Pub. L. 85-859 to r/title-26-INTERNAL-REVENUE-CODE · 98 words · no verdicts yet
A court may release a seized distillery or apparatus to a receiver before final judgment. The receiver must post a bond for the appraised value, and proceeds are held pending judgment.
A court may release a seized distillery or apparatus on qualified premises to a court-appointed receiver to operate before final judgment. The receiver must give a court-approved corporate-surety bond for the full appraised value, set by three competent court-appointed appraisers. Operating proceeds are held as the court directs until final judgment.
Any distillery or distilling apparatus seized on any premises qualified under this chapter, for any violation of law, may, in the discretion of the court, be released before final judgment to a receiver appointed by the court to operate such distillery or apparatus. Such receiver shall give bond, which shall be approved in open court, with corporate surety, for the full appraised value of all the property seized, to be ascertained by three competent appraisers designated and appointed by the court. Funds obtained from such operation shall be impounded as the court shall direct pending such final judgment.
Source credit: (Added Pub. L. 85–859, title II, § 201, Sept. 2, 1958, 72 Stat. 1404.)
- 1958Enacted · Pub. L. 85-859 · 72 Stat. 1404
A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-859 on 1958-09-02.
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