46 USC 56307: Return of vessels
Text contains those laws in effect on August 17, 2024
From Title 46-SHIPPINGSubtitle V-Merchant MarinePart E-Control of Merchant Marine CapabilitiesCHAPTER 563-EMERGENCY ACQUISITION OF VESSELS
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§56307. Return of vessels
When a vessel requisitioned for use but not ownership is returned to the owner, the Secretary of Transportation shall-
(1) return the vessel in a condition at least as good as when taken, less ordinary wear and tear; or
(2) pay the owner an amount sufficient to recondition the vessel to that condition, less ordinary wear and tear.
(
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
56307 | 46 App.:1242(a) (4th sentence). | June 29, 1936, ch. 858, title IX, §902(a) (4th sentence), |
The words "requisitioned for use but not ownership" are substituted for "taken and used under authority of this section, but the ownership thereof is not required by the United States" to eliminate unnecessary words.