United States Code (Last Updated: May 24, 2014) |
Title 46. SHIPPING |
SubTitle III. Maritime Liability |
Chapter 313. COMMERCIAL INSTRUMENTS AND MARITIME LIENS |
SubChapter II. COMMERCIAL INSTRUMENTS |
§ 31324. Retention and examination of mortgages of vessels covered by preferred mortgages
Latest version.
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(a) On request, the owner, master, or individual in charge of a vessel covered by a preferred mortgage shall permit a person to examine the mortgage if the person has business with the vessel that may give rise to a maritime lien or the sale, conveyance, mortgage, or assignment of a mortgage of the vessel. (b) A mortgagor of a preferred mortgage covering a self-propelled vessel shall use diligence in keeping a certified copy of the mortgage on the vessel.
Historical And Revision
Historical and Revision Notes | |
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Revised section | Source section (U.S. Code) |
31324 | 46:923 |
Section 31324(a) provides for examination of mortgages of a vessel that is covered by a preferred mortgage by persons that have business with the vessel that may give rise to a maritime lien or the sale, conveyance, mortgage, or assignment of the mortgage. This subsection makes no substantive change to law.
Section 31324(b) requires that a certified copy of the mortgage must be on board a self-propelled vessel. This subsection makes no substantive change to law.