10 USC 8865 - Sale of prize

U.S Code last checked for updates: Nov 22, 2024

§ 8865.

Sale of prize

(a)

The court shall order a sale of prize property if—

(1)

the property has been condemned;

(2)

the court finds, at any stage of the proceedings, that the property is perishable, liable to deteriorate, or liable to depreciate in value; or

(3)

the cost of keeping the property is disproportionate to its value.

(b)

The court may order a sale of the prize property if, after the return-day on the libel, all the parties in interest who have appeared in the cause agree to it.

(c)

An appeal does not prevent the order of a sale under this section or the execution of such an order.

(Aug. 10, 1956, ch. 1041, 70A Stat. 479, § 7665; renumbered § 8865, Pub. L. 115–232, div. A, title VIII, § 807(d)(9), Aug. 13, 2018, 132 Stat. 1837.)

cite as: 10 USC 8865