46 U.S.C. § 56501Chapter 565
§56501. Definition
Primary source
Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§56501. Definition
In this chapter, the term "essential vessel" means a vessel that is—
(1)(A) security for a mortgage indebtedness to the United States Government; or
(B) constructed under this subtitle or required by a contract under this subtitle to be operated on a certain essential foreign trade route; and
(2) necessary in the interests of commerce and national defense to be maintained in condition for prompt use.
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 56501 | 46 App.:1242a(a). | June 29, 1940, ch. 442, subdiv. (a), 54 Stat. 684. |
Last amended: December 31, 2024
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