Us Code § 57111 - Definition of obsolete vessel

Full text of Us Code United States Code § 57111 — Definition of obsolete vessel, with citation guidance and answers to common questions.

§ 57111. Definition of obsolete vessel

In this chapter, the term "obsolete vessel" means a vessel that—

(1) is or will be in the custody and control of the Maritime Administration for purposes of disposing of the vessel; and

(2) has been determined by the Secretary of Transportation to be of insufficient value, with respect to the programs of the Maritime Administration, to warrant—

(A) preserving for future use or spare parts harvesting; or

(B) retaining in the National Defense Reserve Fleet.

(Added Pub. L. 118–31, div. C, title XXXV, §3514(j)(1)(B), Dec. 22, 2023, 137 Stat. 811.)


Editorial Notes

Prior Provisions

A prior section 57111 was renumbered section 57110 of this title.

CHAPTER 573—VESSEL TRADE-IN PROGRAM

Sec.
57301.
Definitions.
57302.
Authority to acquire vessels.
57303.
Utility value and tonnage requirements.
57304.
Eligible acquisition dates.
57305.
Determination of trade-in allowance.
57306.
Payment of trade-in allowance.
57307.
Recognition of gain for tax purposes.
57308.
Use of vessels at least 25 years old.

        

About This Section

46 U.S.C. § 57111 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. § 57111. 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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Frequently Asked Questions About Us Code § 57111

What does United States Code § 57111 cover?

Section 57111 ("Definition of obsolete vessel") is part of the United States Code, the codified statutory law of Us Code. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Us Code § 57111?

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Is this the official text of Us Code law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Us Code official source linked on this page or consult a licensed Us Code attorney.

How does Us Code § 57111 apply to my situation?

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Sources & Verification

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