{"identifier":"/us/usc/t46/s56308","title":46,"num":"\u00a7\u202f56308.","heading":"Transfer of substitute vessels","text":"\u00a7\u202f56308.\nTransfer of substitute vessels\nIn the case of any vessel constructed in the United States after\nJanuary 1, 1937\n1\n1 See References in Text note below.","url":"https://projectusc.org/usc/t46/s56308.html","content":[{"t":"sec","id":"/us/usc/t46/s56308","children":[{"t":"num","text":"\u00a7\u202f56308."},{"t":"heading","text":"Transfer of substitute vessels"},{"t":"content","text":"\n","children":[{"t":"p","text":"In the case of any vessel constructed in the United States after ","children":[{"t":"text","text":"January 1, 1937","tail":", which has been taken by the United States for use in any manner, the Secretary of Transportation, if in his opinion the transfer would aid in carrying out the policies of this Act,"},{"t":"ref","text":"1"},{"t":"num","text":"1","tail":"\u202fSee References in Text note below."},{"t":"text","text":"\u202fSee References in Text note below.","tail":" is authorized to transfer to the owner of such vessel another vessel which is deemed by the Secretary to be of comparable type with adjustments for depreciation and difference in design or speed, and to the extent applicable, such other adjustments and terms and conditions, including transfer of mortgage obligations in favor of the United States binding upon the old vessel, as the Secretary may prescribe."}],"tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}