
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: 10USC7668]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle C--Navy and Marine Corps
 
                     PART IV--GENERAL ADMINISTRATION
 
                           CHAPTER 655--PRIZE
 
Sec. 7668. Disposition of prize money

    The net proceeds of all property condemned as prize shall be decreed 
to the United States and shall be ordered by the court to be paid into 
the Treasury.

(Aug. 10, 1956, ch. 1041, 70A Stat. 480.)

                                          Historical and Revision Notes
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            Revised section                      Source (U.S. Code)            
   Source (Statutes at Large)
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7668..................................  34 U.S.C. 1151.                      R.
S. 4630; R.S. 4641.
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    R.S. 4630 provided that in some circumstances the captors were to 
receive the net proceeds of prize property and in other circumstances 
they were to receive half and the United States was to receive the other 
half. The Act of March 3, 1899, ch. 413, Sec. 13, 30 Stat. 1007, 
repealed ``all provisions of law authorizing the distribution among 
captors of the whole or any portion of the proceeds of vessels, or any 
property hereafter captured, condemned as prize''. Thus the only part of 
R.S. 4630 that remains in effect, as is indicated in 34 U.S.C. 1151, is 
that part which provides that proceeds shall be decreed to the United 
States. The section is so worded. R.S. 4641 stated how proceeds decreed 
to captors should be divided among them. These provisions were 
eliminated by the Act of March 3, 1899, supra. All that remains of R.S. 
4641, as is indicated in 34 U.S.C. 1151, is the provision that proceeds 
decreed to the United States shall be paid into the Treasury, and the 
section is worded accordingly.
