Us Code § 31308 - Secretary of Commerce or Transportation as mortgagee
Full text of Us Code United States Code § 31308 — Secretary of Commerce or Transportation as mortgagee, with citation guidance and answers to common questions.
§ 31308. Secretary of Commerce or Transportation as mortgagee
The Secretary of Commerce or Transportation, as a mortgagee under this chapter, may foreclose on a lien arising from a right established under a mortgage under chapter 537 of this title, subject to section 362(b) of title 11.
(Pub. L. 100–710, title I, §102(c), Nov. 23, 1988, 102 Stat. 4741; Pub. L. 101–595, title VI, §603(13), Nov. 16, 1990, 104 Stat. 2993; Pub. L. 109–304, §15(28), Oct. 6, 2006, 120 Stat. 1704; Pub. L. 111–281, title IX, §913(b), Oct. 15, 2010, 124 Stat. 3017.)
| Revised section | Source section (U.S. Code) |
|---|---|
| 31308 | 46:952 (last sentence) |
Section 31308 allows the Secretary of Commerce or Transportation to foreclose on a lien arising from a right established under a mortgage under title XI of the Merchant Marine Act, 1936. This section makes no substantive change to law.
Editorial Notes
Amendments
2010—Pub. L. 111–281 substituted "The Secretary of Commerce or Transportation, as a mortgagee under this chapter," for "When the Secretary of Commerce or Transportation is a mortgagee under this chapter, the Secretary".
2006—Pub. L. 109–304 substituted "chapter 537 of this title" for "title XI of the Merchant Marine Act, 1936 (46 App. U.S.C. 1271 et seq.)".
1990—Pub. L. 101–595 substituted "(46 App. U.S.C. 1271 et seq.)" for "(46 App. U.S.C. 1241 et seq.)".
Statutory Notes and Related Subsidiaries
Effective Date
Section effective Jan. 1, 1989, with certain exceptions and qualifications, see section 107 of Pub. L. 100–710, set out as a note under section 31301 of this title.
About This Section
46 U.S.C. § 31308 is part of Title 46 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.
This section may be cited in legal writing as 46 U.S.C. § 31308. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.
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