{"identifier":"/us/usc/t46/s31329","title":46,"num":"\u00a7\u202f31329.","heading":"Court sales of documented vessels","text":"\u00a7\u202f31329.\nCourt sales of documented vessels\n(a) A documented vessel may be sold by order of a district court only to\u2014\n(1) a person eligible to own a documented vessel under\nsection 12103 of this title\n(2) a mortgagee of that vessel.\n(b) When a vessel is sold to a mortgagee not eligible to own a documented vessel\u2014\n(1) the vessel must be held by the mortgagee for resale;\n(2) the vessel held by the mortgagee is subject to chapter 563 of this title; and\n(3) the sale of the vessel to the mortgagee is not a sale to a person not a citizen of the United States under\nsection 12132 of this title\n(c) Unless waived by the Secretary of Transportation, a person purchasing a vessel by court order under subsection (a)(1) of this section or from a mortgagee under subsection (a)(2) of this section must document the vessel under chapter 121 of this title.\n(d) The vessel may be operated by the mortgagee not eligible to own a documented vessel only with the approval of the Secretary of Transportation.\n(e) A sale of a vessel contrary to this section is void.\n(f) This section does not apply to a documented vessel that has been operated only for pleasure.","url":"https://projectusc.org/usc/t46/s31329.html","content":[{"t":"sec","id":"/us/usc/t46/s31329","children":[{"t":"num","text":"\u00a7\u202f31329."},{"t":"heading","text":"Court sales of documented vessels"},{"t":"subsec","id":"/us/usc/t46/s31329/a","children":[{"t":"num","text":"(a)"},{"t":"chapeau","text":" A documented vessel may be sold by order of a district court only to\u2014"},{"t":"para","id":"/us/usc/t46/s31329/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" a person eligible to own a documented vessel under ","children":[{"t":"ref","text":"section 12103 of this title","href":"/us/usc/t46/s12103","tail":"; or"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t46/s31329/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" a mortgagee of that vessel.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s31329/b","children":[{"t":"num","text":"(b)"},{"t":"chapeau","text":" When a vessel is sold to a mortgagee not eligible to own a documented vessel\u2014"},{"t":"para","id":"/us/usc/t46/s31329/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" the vessel must be held by the mortgagee for resale;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t46/s31329/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" the vessel held by the mortgagee is subject to chapter 563 of this title; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t46/s31329/b/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" the sale of the vessel to the mortgagee is not a sale to a person not a citizen of the United States under ","children":[{"t":"ref","text":"section 12132 of this title","href":"/us/usc/t46/s12132","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s31329/c","children":[{"t":"num","text":"(c)"},{"t":"content","text":" Unless waived by the Secretary of Transportation, a person purchasing a vessel by court order under subsection (a)(1) of this section or from a mortgagee under subsection (a)(2) of this section must document the vessel under chapter 121 of this title.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s31329/d","children":[{"t":"num","text":"(d)"},{"t":"content","text":" The vessel may be operated by the mortgagee not eligible to own a documented vessel only with the approval of the Secretary of Transportation.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s31329/e","children":[{"t":"num","text":"(e)"},{"t":"content","text":" A sale of a vessel contrary to this section is void.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s31329/f","children":[{"t":"num","text":"(f)"},{"t":"content","text":" This section does not apply to a documented vessel that has been operated only for pleasure.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}