Us Code § 2714 - Investment of proceeds of attached property
Full text of Us Code United States Code § 2714 — Investment of proceeds of attached property, with citation guidance and answers to common questions.
§ 2714. Investment of proceeds of attached property
When the property attached is sold on an interlocutory order or is producing revenue, the money arising from the sale or revenue shall be invested, under the order of the court, in securities of the United States. The accretions therefrom are subject to the order of the court.
(Added Pub. L. 86–682, §9, Sept. 2, 1960, 74 Stat. 707.)
Editorial Notes
Codification
Section was derived from R.S. §928, which was originally classified to section 741 of former Title 28. Following the general revision and enactment of Title 28 by act June 25, 1948, R.S. §928 was reclassified to section 841 of Title 39. R.S. §928 was repealed by section 12(c) of Pub. L. 86–682 (section 1 of which revised and enacted Title 39), and reenacted by section 9 thereof as section 2714 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective Sept. 1, 1960, see section 11 of Pub. L. 86–682, 74 Stat. 708.
About This Section
28 U.S.C. § 2714 is part of Title 28 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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