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

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LegalText 10 U.S.C. § 8866 Mode of making sale us united_states_code code_section 10 ARMED FORCES 883 PRIZE 8866 10 U.S.C. § 8866 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/s8866 data/legal/raw/us/code/title-10/usc10.xml 2e398423c3d3ac62efe7f66fbfba9905e8ed44c6faed0a1aaa91c3adc9f55902 06a2679d38355c44f4219c983fdad34009233205d6ba271593a4c1b17a739ec1 14484c158f38c779e3e8b2e8314c9cb5644e6be40d508741b570a394e2006b03 2026-07-04 official
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10 U.S.C. § 8866 - Mode of making sale

Text

(a) If a sale of prize property is ordered by the court, the marshal shall—

(1) prepare and circulate full catalogues and schedules of the property to be sold and return a copy of each to the court;

(2) advertise the sale fully and conspicuously by posters and in newspapers ordered by the court;

(3) give notice to the naval prize commissioner at least five days before the sale; and

(4) keep the goods open for inspection for at least three days before the sale.

(b) An auctioneer of known skill in the business to which the sale pertains shall be employed by the Secretary of the Navy to make the sale. The auctioneer, or his agent, shall collect and deposit the gross proceeds of the sale. The auctioneer and his agent are responsible to the marshal for the conduct of the sale and the collection and deposit of the gross proceeds.

(Aug. 10, 1956, ch. 1041, 70A Stat. 479, § 7666; renumbered § 8866, 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) 766634 U.S.C. 1144.R.S. 4628. The statement in subsection (b) of the responsibility of the auctioneer and agent to the marshal in the collection and deposit of proceeds is inserted to clarify the marshals functions. It is derived from 34 U.S.C. 1139, and appears in § 7662 of this title.

Editorial Notes

Amendments2018—Pub. L. 115232 renumbered section 7666 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.