10 U.S. Code § 7664 - Delivery of property on stipulation
(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
Source(Aug. 10, 1956, ch. 1041, 70A Stat. 479.)
|Revised section||Source (U.S. Code)||Source (Statutes at Large)|
|7664||34 U.S.C. 1142.||R.S. 4626.|
34 U.S.C. 1142 and this section reflect the Act of March 3, 1899, ch. 413, § 13,30 Stat. 1007, which repealed laws authorizing distribution of prize proceeds to captors, and the Act of May 29, 1920, ch. 214, § 1,41 Stat. 654, which requires substitution of “Treasurer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”.
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