46 U.S.C. § 53516 — Termination of agreement after change in regulations
submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 56 words · no verdicts yet
If the rules governing a capital construction fund change enough to substantially affect the fund holder's rights or duties, the holder may end the agreement. This applies when the change occurs after the fund agreement is made.
This section is one undivided provision. If, after a fund agreement is made, the joint regulations* or the Secretary's own regulations under this chapter change in a way that could substantially affect the rights or duties of a fund holder, that person may end the agreement.
If, after an agreement has been made under this chapter, a change is made either in the joint regulations* or in the regulations prescribed by the Secretary* under this chapter that could have a substantial effect on the rights or duties of a person maintaining a fund under this chapter, that person may terminate the agreement.
Source credit: (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1600.)
- 2006Enacted · Pub. L. 109-304 · 120 Stat. 1600
A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-304 on 2006-10-06.
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