Source(R.S. § 4285; June 5, 1936, ch. 521, § 3, 49 Stat. 1480.)
References in Text
Chapter 6 of title 48 of the Revised Statutes, referred to in text, was in the original “this chapter, as amended”, meaning chapter 6 of title 48 of the Revised Statutes, consisting of R.S. §§ 4252 to 4289. For complete classification of R.S. §§ 4252 to 4289 to the Code, see Tables.
R.S. § 4285 derived from act Mar. 3, 1851, ch. 43, § 4, 9 Stat. 635.
1936—Act June 5, 1936, substituted provisions of this section for former provisions which provided that it should be deemed a sufficient compliance on the part of an owner with the requirements of title 48 of the Revised Statutes relating to his liability for embezzlement, loss, or destruction of any property, goods, or merchandise, if he transferred his interest in such vessel and freight, for the benefit of claimants, to a trustee appointed by court, after which all claims against the owner should cease.