46 USC 30525 - Apportionment of losses

U.S Code last checked for updates: Nov 23, 2024

§ 30525.

Apportionment of losses

If the amounts determined under sections 30523 and 30524 of this title are insufficient to pay all claims—

(1)

all claimants shall be paid in proportion to their respective losses out of the amount determined under section 30523 of this title; and

(2)

personal injury and death claimants, if any, shall be paid an additional amount in proportion to their respective losses out of the additional amount determined under section 30524(b) of this title.

(Pub. L. 109–304, § 6(c), Oct. 6, 2006, 120 Stat. 1513, § 30507; renumbered § 30525 and amended Pub. L. 117–263, div. K, title CXV, § 11503(a)(3), (f)(4), Dec. 23, 2022, 136 Stat. 4130, 4131.)

cite as: 46 USC 30525