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50 U.S.C. § 3933Fines and penalties under contracts

submitted 86 years ago by Pub. L. 108-189 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 116 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) Prohibition of penalties

When an action for compliance with the terms of a contract is stayed pursuant to this chapter, a penalty shall not accrue for failure to comply with the terms of the contract during the period of the stay.

(b) Reduction or waiver of fines or penalties

If a servicemember fails to perform an obligation arising under a contract and a penalty is incurred arising from that nonperformance, a court may reduce or waive the fine or penalty if—

(1)

the servicemember was in military service at the time the fine or penalty was incurred; and

(2)

the ability of the servicemember to perform the obligation was materially affected by such military service.

Source credit: (Oct. 17, 1940, ch. 888, title II, § 203, as added Pub. L. 108–189, § 1, Dec. 19, 2003, 117 Stat. 2843.)

history & why it existsrecord from the source credit
  • 1940Enacted · Pub. L. 108-189 · 117 Stat. 2843

A history note hasn’t been published yet. The record shows enactment by Pub. L. 108-189 on 1940-10-17.

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