15 C.F.R. · Commerce and Foreign Trade
15 C.F.R. § 904.508

Voluntary forfeiture by abandonment.

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

15 C.F.R. § 904.508 — Voluntary forfeiture by abandonment.

§ 904.508 Voluntary forfeiture by abandonment. (a) The owner of seized property may voluntarily forfeit all right, title, and interest in the property by abandoning it to NOAA. Voluntary forfeiture by abandonment under this section may be accomplished by various means, including, but not limited to: expressly waiving any claim to the property by voluntarily relinquishing any right, title, and interest by written agreement or otherwise; or refusing or otherwise avoiding delivery of returned property; or failing to respond within 90 days of service of any certified or registered notice regarding a return of seized property issued under § 904.510(b). (b) Property will be declared finally forfeited by abandonment, without recourse, upon a finding of abandonment by NOAA.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR15-SEC-CD3A65
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15 C.F.R. § 904.508
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The regulatory text of 15 C.F.R. § 904.508 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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