(a)Prize property may be delivered to a claimant on stipulation, deposit, or other security, if—
(1)the claimant satisfies the court that the property has a peculiar and intrinsic value to him, independent of its market value;
(2)the court is satisfied that the rights and interests of the United States or of other claimants will not be prejudiced;
(3)an opportunity is given to the United States attorney and the naval prize commissioner or the naval special prize commissioner to be heard as to the appointment of appraisers; and
(4)a satisfactory appraisal is made.
(b)Money collected on a stipulation, or deposited instead of it, that does not represent costs shall be deposited with the Treasurer of the United States or a public depositary in the same manner as proceeds of a sale.
(Aug. 10, 1956, ch. 1041, 70A Stat. 479.)
Historical and Revision Notes
Source (U.S. Code)
Source (Statutes at Large)
34 U.S.C. 1142.
34 U.S.C. 1142 and this section reflect the Act of March 3, 1899, ch. 413, § 13,30 Stat. 1007, which repealed laws authorizing distribution of prize proceeds to captors, and the Act of May 29, 1920, ch. 214, § 1,41 Stat. 654, which requires substitution of “Treasurer of the United States or public depositary” for “assistant treasurer”.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
LII has no control over and does not endorse any external Internet site that contains links to or references LII.