46 U.S.C. § 57304Chapter 573
§57304. Eligible acquisition dates
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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§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.
| Revised Section | Source (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.
Last amended: December 31, 2024
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