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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 46 U.S.C. § 31327 Forfeiture of mortgagee interest us united_states_code code_section 46 SHIPPING 313 COMMERCIAL INSTRUMENTS AND MARITIME LIENS 31327 46 U.S.C. § 31327 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc46@119-100.zip /us/usc/t46/s31327 data/legal/raw/us/code/title-46/usc46.xml 143aed558d5c4e33869294ee8d63c802e8a0ca45b374012b534dbcf83afc04e4 eb1331aa3c08ed87231a3606d86b30d1b5942cdf8542f6a3df8ac1d66e86057f 44ebd6265a28e6c87cd2e280ab91642765fadbb93820b43a304bfa5b9d1cf5f6 2026-07-04 official
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46 U.S.C. § 31327 - Forfeiture of mortgagee interest

Text

The interest of a mortgagee in a documented vessel or a vessel covered by a preferred mortgage under section 31322(d) of this title may be terminated by a forfeiture of the vessel for a violation of a law of the United States only if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation.

(Pub. L. 100710, title I, § 102(c), Nov. 23, 1988, 102 Stat. 4746.)

Notes

Historical and Revision Notes Revised sectionSource section (U.S. Code) 3132746:961(b) Section 31327 provides for forfeiture of the mortgagees interest if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation that caused forfeiture of the vessel. This section makes no substantive change to law.

Statutory Notes and Related Subsidiaries

Effective DateSection effective Jan. 1, 1989, with certain exceptions and qualifications, see section 107 of Pub. L. 100710, set out as a note under section 31301 of this title.