section 31322(d) of this titleThe interest of a mortgagee in a documented vessel or a vessel covered by a preferred mortgage under may be terminated by a forfeiture of the vessel for a violation of a law of the United States only if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation.
Pub. L. 100–710, title I, § 102(c)102 Stat. 4746(, , .)
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Historical and Revision Notes |
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Revised section | Source section (U.S. Code) |
31327 | 46:961(b) |
Section 31327 provides for forfeiture of the mortgagee’s interest if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation that caused forfeiture of the vessel. This section makes no substantive change to law.
Statutory Notes and Related Subsidiaries
Effective Date
section 107 of Pub. L. 100–710section 31301 of this titleSection effective , with certain exceptions and qualifications, see , set out as a note under .