JK Welding Co. v. Gotham Marine Corporation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• A stipulation for value represents “a new security of unfluctuating value in the place of the vessel.”
• “[T]he court can exercise as much authority over [the bond that is a substitute for the res] as if the vessel itself were in the custody of the court, but no more.”

Source: CourtListener parenthetical corpus (CC0).