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2026-07-06 09:52:37 -04:00

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LegalText 10 U.S.C. § 8864 Delivery of property on stipulation us united_states_code code_section 10 ARMED FORCES 883 PRIZE 8864 10 U.S.C. § 8864 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc10@119-100.zip /us/usc/t10/s8864 data/legal/raw/us/code/title-10/usc10.xml f7a8ccfda71c7e09f2278bcb1c4085a7d8f0f197d69329fb9d6c20e7a0be4f27 06a2679d38355c44f4219c983fdad34009233205d6ba271593a4c1b17a739ec1 a70aa09e57dde76a1a5e267e93534f32d1cd69b7bdf8754f90e0582405f727d0 2026-07-04 official
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10 U.S.C. § 8864 - Delivery of property on stipulation

Text

(a) Prize property may be delivered to a claimant on stipulation, deposit, or other security, if—

(1) the claimant satisfies the court that the property has a peculiar and intrinsic value to him, independent of its market value;

(2) the court is satisfied that the rights and interests of the United States or of other claimants will not be prejudiced;

(3) an opportunity is given to the United States attorney and the naval prize commissioner or the naval special prize commissioner to be heard as to the appointment of appraisers; and

(4) a satisfactory appraisal is made.

(b) Money collected on a stipulation, or deposited instead of it, that does not represent costs shall be deposited with the Treasurer of the United States or a public depositary in the same manner as proceeds of a sale.

(Aug. 10, 1956, ch. 1041, 70A Stat. 479, § 7664; renumbered § 8864, Pub. L. 115232, div. A, title VIII, § 807(d)(9), Aug. 13, 2018, 132 Stat. 1837.)

Notes

Historical and Revision Notes Revised sectionSource (U.S. Code)Source (Statutes at Large) 766434 U.S.C. 1142.R.S. 4626. 34 U.S.C. 1142 and this section reflect the Act of March 3, 1899, ch. 413, § 13, 30 Stat. 1007, which repealed laws authorizing distribution of prize proceeds to captors, and the Act of May 29, 1920, ch. 214, § 1, 41 Stat. 654, which requires substitution of “Treasurer of the United States or public depositary” for “assistant treasurer”.

Editorial Notes

Amendments2018—Pub. L. 115232 renumbered section 7664 of this title as this section.

Statutory Notes and Related Subsidiaries

Effective Date of 2018 AmendmentAmendment by Pub. L. 115232 effective Feb. 1, 2019, with provision for the coordination of amendments and special rule for certain redesignations, see section 800 of Pub. L. 115232, set out as a note preceding section 3001 of this title.