46 U.S.C. § 31329
HISTORICAL AND REVISION NOTES | |
Revised section | Source section (U.S. Code) |
31329 | 46:961(f) |
HOUSE FLOOR STATEMENTUnder section 31329(d) a vessel may be operated by the trustee only with the approval of the Secretary. Under current law a vessel may be documented by a trust if all of the members of the trust are citizens of the United States. If the trust buying the vessel at the court sale includes foreign investors, the vessel cannot be documented. The Committee intends in this section that the vessel will only be "operated" in a maintenance manner, but not in a commercial service.
EDITORIAL NOTES
AMENDMENTS2010-Subsec. (d). Pub. L. 111-281 substituted "Secretary of Transportation" for "Secretary".2006-Subsec. (a)(1). Pub. L. 109-304, §15(32)(A), substituted "section 12103" for "section 12102".Subsec. (b)(2). Pub. L. 109-304, §15(32)(B)(i), substituted "chapter 563 of this title" for "section 902 of the Merchant Marine Act, 1936 (46 App. U.S.C. 1242)".Subsec. (b)(3). Pub. L. 109-304, §15(32)(B)(ii), substituted "sale to a person not a citizen of the United States under section 12132 of this title" for "sale foreign within the terms of the first proviso of section 27 of the Merchant Marine Act, 1920 (46 App. U.S.C. 883)".1996-Subsec. (f). Pub. L. 104-324 added subsec. (f).
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATESection effective Jan. 1, 1989, with certain exceptions and qualifications, see section 107 of Pub. L. 100-710 set out as a note under section 31301 of this title.
- Secretary
- "Secretary" means the Secretary of the Department of Homeland Security, unless otherwise noted.
- district court
- "district court" means-(A) a district court of the United States (as defined in section 451 of title 28);(B) the District Court of Guam;(C) the District Court of the Virgin Islands;(D) the District Court for the Northern Mariana Islands;(E) the High Court of American Samoa; and(F) any other court of original jurisdiction of a territory or possession of the United States;
- mortgagee
- "mortgagee" means-(A) a person to whom property is mortgaged; or(B) when a mortgage on a vessel involves a trust, the trustee that is designated in the trust agreement;