10 U.S.C. § 8866 | Mode of making sale

(a)

If a sale of prize property is ordered by the court, the marshal shall—

(1)

prepare and circulate full catalogues and schedules of the property to be sold and return a copy of each to the court;

(2)

advertise the sale fully and conspicuously by posters and in newspapers ordered by the court;

(3)

give notice to the naval prize commissioner at least five days before the sale; and

(4)

keep the goods open for inspection for at least three days before the sale.

(b)

An auctioneer of known skill in the business to which the sale pertains shall be employed by the Secretary of the Navy to make the sale. The auctioneer, or his agent, shall collect and deposit the gross proceeds of the sale. The auctioneer and his agent are responsible to the marshal for the conduct of the sale and the collection and deposit of the gross proceeds.

Aug. 10, 1956, ch. 1041 70A Stat. 479 Pub. L. 115–232, div. A, title VIII, § 807(d)(9)Aug. 13, 2018132 Stat. 1837(, , § 7666; renumbered § 8866, , , .)

Historical and Revision Notes
Revised section	Source (U.S. Code)	Source (Statutes at Large)
7666	34 U.S.C. 1144.	R.S. 4628.

34 U.S.C. 1139 § 7662 of this titleThe statement in subsection (b) of the responsibility of the auctioneer and agent to the marshal in the collection and deposit of proceeds is inserted to clarify the marshal’s functions. It is derived from , and appears in .

Editorial Notes

Amendments

Pub. L. 115–232 section 7666 of this title2018— renumbered as this section.

Statutory Notes and Related Subsidiaries

Effective Date of 2018 Amendment

Pub. L. 115–232Feb. 1, 2019section 800 of Pub. L. 115–232 section 3001 of this titleAmendment by effective , with provision for the coordination of amendments and special rule for certain redesignations, see , set out as a note preceding .