
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: 10USC7666]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle C--Navy and Marine Corps
 
                     PART IV--GENERAL ADMINISTRATION
 
                           CHAPTER 655--PRIZE
 
Sec. 7666. Mode of making sale

    (a) If a sale of prize property is ordered by the court, the marshal 
shall--
        (1) prepare and circulate full catalogues and schedules of the 
    property to be sold and return a copy of each to the court;
        (2) advertise the sale fully and conspicuously by posters and in 
    newspapers ordered by the court;
        (3) give notice to the naval prize commissioner at least five 
    days before the sale; and
        (4) keep the goods open for inspection for at least three days 
    before the sale.

    (b) An auctioneer of known skill in the business to which the sale 
pertains shall be employed by the Secretary of the Navy to make the 
sale. The auctioneer, or his agent, shall collect and deposit the gross 
proceeds of the sale. The auctioneer and his agent are responsible to 
the marshal for the conduct of the sale and the collection and deposit 
of the gross proceeds.

(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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7666..................................  34 U.S.C. 1144.                      R.
S. 4628.
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    The statement in subsection (b) of the responsibility of the 
auctioneer and agent to the marshal in the collection and deposit of 
proceeds is inserted to clarify the marshal's functions. It is derived 
from 34 U.S.C. 1139, and appears in Sec. 7662 of this title.
