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10 U.S.C. · Armed Forces
10 U.S.C. § 8875

Commissions of auctioneers

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

10 U.S.C. § 8875 — Commissions of auctioneers

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. 8875 - Commissions of auctioneers From the U.S. Government Publishing Office, www.gpo.gov

§8875. Commissions of auctioneers

(a) The Secretary of the Navy may establish a scale of commissions to be paid to auctioneers employed to make sales of prize property. These commissions are in full satisfaction of expenses as well as services. The scale may in no case allow a commission in excess of— (1) ½ of 1 percent on any amount exceeding $10,000 on the sale of a vessel; and (2) 1 percent on any amount exceeding $10,000 on the sale of other prize property.

(b) If no such scale is established, auctioneers in prize causes shall be paid such compensation as the court considers just under the circumstances of each case.

(Aug. 10, 1956, ch. 1041, 70A Stat. 481, §7675; renumbered §8875, 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)

7675 34 U.S.C. 1156. R.S. 4650.

The word "amount" is substituted for the word "sum".

Editorial Notes

Amendments 2018—Pub. L. 115–232 renumbered section 7675 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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10 U.S.C. § 8875
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The statutory text of 10 U.S.C. § 8875 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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