46 U.S.C. § 31324 — Retention and examination of mortgages of vessels covered by preferred mortgages
submitted 38 years ago by Pub. L. 100-710 to r/title-46-SHIPPING · 80 words · no verdicts yet
Certain people with business connected to a vessel may inspect its preferred mortgage. A mortgagor of a self-propelled vessel must keep a certified mortgage copy on board.
(a) On request, the owner, master, or person in charge must let someone inspect the preferred mortgage if that person’s vessel* business may create a maritime lien or involve the vessel’s sale, conveyance, mortgage, or mortgage assignment. (b) A mortgagor of a self-propelled vessel must use diligence to keep a certified mortgage copy on the vessel.
On request, the owner, master, or individual in charge of a vessel* covered by a preferred mortgage shall permit a person to examine the mortgage if the person has business with the vessel that may give rise to a maritime lien or the sale, conveyance, mortgage, or assignment of a mortgage of the vessel.
A mortgagor of a preferred mortgage covering a self-propelled vessel shall use diligence in keeping a certified copy of the mortgage on the vessel.
Source credit: (Pub. L. 100–710, title I, § 102(c), Nov. 23, 1988, 102 Stat. 4744.)
- 1988Enacted · Pub. L. 100-710 · 102 Stat. 4744
A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-710 on 1988-11-23.
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