46 U.S.C. · Shipping
46 U.S.C. § 57304

Eligible acquisition dates

Ch. 573 — VESSEL TRADE-IN PROGRAM
Title 46 U.S.C. ● ACTIVE Primary Source Ch. 573
Statutory Text

46 U.S.C. § 57304 — Eligible acquisition dates

U.S.C. Title 46 - SHIPPING 46 U.S.C. United States Code, 2023 Edition Title 46 - SHIPPING Subtitle V - Merchant Marine Part F - Government-Owned Merchant Vessels CHAPTER 573 - VESSEL TRADE-IN PROGRAM Sec. 57304 - Eligible acquisition dates From the U.S. Government Publishing Office, www.gpo.gov

§57304. Eligible acquisition dates

At the option of the owner, the acquisition of an obsolete vessel under this chapter shall occur— (1) when the owner contracts for the construction or purchase of a new vessel; or (2) within 5 days of the actual date of delivery of the new vessel to the owner.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1662.)

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

57304 46 App.:1160(b) (2d sentence). June 29, 1936, ch. 858, title V, §510(b) (2d sentence), as added Aug. 4, 1939, ch. 417, §7, 53 Stat. 1184; Pub. L. 87–401, subdiv. (1), Oct. 5, 1961, 75 Stat. 833; Pub. L. 91–469, §35(a), Oct. 21, 1970, 84 Stat. 1035; Pub. L. 97–31, §12(91), Aug. 6, 1981, 95 Stat. 161.

The words "At the option of the owner" are substituted for "if the owner so requests" for clarity.

Source: uscode.house.gov — public domain Official Source ↗
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46 U.S.C. § 57304
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The statutory text of 46 U.S.C. § 57304 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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