15 C.F.R. · Commerce and Foreign Trade
15 C.F.R. § 904.505

Summary sale.

Title 15 C.F.R. ● ACTIVE Primary Source
Regulatory Text

15 C.F.R. § 904.505 — Summary sale.

§ 904.505 Summary sale. (a) In view of the perishable nature of fish, any person authorized to enforce a statute administered by NOAA may, as authorized by law, sell or cause to be sold, and any person may purchase, for not less than its domestic fair market value, fish seized under such statute. (b) Any person purchasing fish subject to this section must deliver the proceeds of the sale to a person authorized to enforce a statute administered by NOAA immediately upon request of such authorized person. Anyone who does not so deliver the proceeds may be subject to penalties under the applicable statute or statutes. (c) NOAA will serve the Notice of the Summary Sale on the owner or consignee, if known or easily ascertainable, or to any other party that the facts of record indicate has an interest in the seized fish, unless the owner or consignee or other interested party has otherwise been personally notified. Notice will be sent either prior to the sale, or as soon thereafter as practicable. (d) The proceeds of the sale, after deducting any reasonable costs of the sale, will be subject to any administrative or judicial proceedings in the same manner as the seized fish would have been, including an action in rem for the forfeiture of the proceeds. Pending disposition of such proceedings, the proceeds will, as appropriate, either be deposited in a NOAA suspense account or submitted to the appropriate court. (e) Seizure and sale of fish is without prejudice to any other remedy or sanction authorized by law. [71 FR 12448, Mar. 10, 2006, as amended at 87 FR 38942, June 30, 2022]

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR15-SEC-7EDDC2
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15 C.F.R. § 904.505
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The regulatory text of 15 C.F.R. § 904.505 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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