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10 U.S.C. § 8868

Disposition of prize money

Ch. 883 — PRIZE
Title 10 U.S.C. ● ACTIVE Primary Source Ch. 883
Statutory Text

10 U.S.C. § 8868 — Disposition of prize money

U.S.C. Title 10 - ARMED FORCES 10 U.S.C. United States Code, 2023 Edition Title 10 - ARMED FORCES Subtitle C - Navy and Marine Corps PART IV - GENERAL ADMINISTRATION CHAPTER 883 - PRIZE Sec. 8868 - Disposition of prize money From the U.S. Government Publishing Office, www.gpo.gov

§8868. Disposition of prize money

The net proceeds of all property condemned as prize shall be decreed to the United States and shall be ordered by the court to be paid into the Treasury.

(Aug. 10, 1956, ch. 1041, 70A Stat. 480, §7668; renumbered §8868, Pub. L. 115–232, div. A, title VIII, §807(d)(9), Aug. 13, 2018, 132 Stat. 1837.)

Historical and Revision Notes Revised sectionSource (U.S. Code)Source (Statutes at Large)

7668 34 U.S.C. 1151. R.S. 4630; R.S. 4641.

R.S. 4630 provided that in some circumstances the captors were to receive the net proceeds of prize property and in other circumstances they were to receive half and the United States was to receive the other half. The Act of March 3, 1899, ch. 413, §13, 30 Stat. 1007, repealed "all provisions of law authorizing the distribution among captors of the whole or any portion of the proceeds of vessels, or any property hereafter captured, condemned as prize". Thus the only part of R.S. 4630 that remains in effect, as is indicated in 34 U.S.C. 1151, is that part which provides that proceeds shall be decreed to the United States. The section is so worded. R.S. 4641 stated how proceeds decreed to captors should be divided among them. These provisions were eliminated by the Act of March 3, 1899, supra. All that remains of R.S. 4641, as is indicated in 34 U.S.C. 1151, is the provision that proceeds decreed to the United States shall be paid into the Treasury, and the section is worded accordingly.

Editorial Notes

Amendments 2018—Pub. L. 115–232 renumbered section 7668 of this title as this section.

Statutory Notes and Related Subsidiaries

Effective Date of 2018 Amendment Amendment by Pub. L. 115–232 effective Feb. 1, 2019, with provision for the coordination of amendments and special rule for certain redesignations, see section 800 of Pub. L. 115–232, set out as a note preceding section 3001 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 10 U.S.C. § 8868 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 883 — PRIZE
10 U.S.C. § 885110 U.S.C. § 885210 U.S.C. § 885310 U.S.C. § 885410 U.S.C. § 885510 U.S.C. § 885610 U.S.C. § 885710 U.S.C. § 885810 U.S.C. § 885910 U.S.C. § 886010 U.S.C. § 886110 U.S.C. § 886210 U.S.C. § 886310 U.S.C. § 886410 U.S.C. § 886510 U.S.C. § 886610 U.S.C. § 886710 U.S.C. § 886810 U.S.C. § 886910 U.S.C. § 887010 U.S.C. § 887110 U.S.C. § 887210 U.S.C. § 887310 U.S.C. § 887410 U.S.C. § 887510 U.S.C. § 887610 U.S.C. § 887710 U.S.C. § 887810 U.S.C. § 887910 U.S.C. § 8880
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