
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC7664]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle C--Navy and Marine Corps
 
                     PART IV--GENERAL ADMINISTRATION
 
                           CHAPTER 655--PRIZE
 
Sec. 7664. Delivery of property on stipulation

    (a) Prize property may be delivered to a claimant on stipulation, 
deposit, or other security, if--
        (1) the claimant satisfies the court that the property has a 
    peculiar and intrinsic value to him, independent of its market 
    value;
        (2) the court is satisfied that the rights and interests of the 
    United States or of other claimants will not be prejudiced;
        (3) an opportunity is given to the United States attorney and 
    the naval prize commissioner or the naval special prize commissioner 
    to be heard as to the appointment of appraisers; and
        (4) a satisfactory appraisal is made.

    (b) Money collected on a stipulation, or deposited instead of it, 
that does not represent costs shall be deposited with the Treasurer of 
the United States or a public depositary in the same manner as proceeds 
of a sale.

(Aug. 10, 1956, ch. 1041, 70A Stat. 479.)

                                          Historical and Revision Notes
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            Revised section                      Source (U.S. Code)            
   Source (Statutes at Large)
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7664..................................  34 U.S.C. 1142.                      R.
S. 4626.
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    34 U.S.C. 1142 and this section reflect the Act of March 3, 1899, 
ch. 413, Sec. 13, 30 Stat. 1007, which repealed laws authorizing 
distribution of prize proceeds to captors, and the Act of May 29, 1920, 
ch. 214, Sec. 1, 41 Stat. 654, which requires substitution of 
``Treasurer of the United States or public depositary'' for ``assistant 
treasurer''.
