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2026-07-06 10:51:44 -04:00

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LegalText 46 U.S.C. § 31305 Waiver of lien rights us united_states_code code_section 46 SHIPPING 313 COMMERCIAL INSTRUMENTS AND MARITIME LIENS 31305 46 U.S.C. § 31305 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/s31305 data/legal/raw/us/code/title-46/usc46.xml f383d1bb4d345de46b9408de47238cf8cc1646eee139d79f6a0dfe9d5b8e98f0 eb1331aa3c08ed87231a3606d86b30d1b5942cdf8542f6a3df8ac1d66e86057f 852c7afa1847f70345fb378b6c762247fca2bb3e2cfc419a25f90956e3f0db28 2026-07-04 official
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46 U.S.C. § 31305 - Waiver of lien rights

Text

This chapter does not prevent a mortgagee or other lien holder from waiving or subordinating at any time by agreement or otherwise the lien holders right to a lien, the priority or, if a preferred mortgage lien, the preferred status of the lien.

(Pub. L. 100710, title I, § 102(c), Nov. 23, 1988, 102 Stat. 4741.)

Notes

Historical and Revision Notes Revised sectionSource section (U.S. Code) 3130546:974 Section 31305 provides for the waiver of lien rights by the mortgagee or a person performing or supplying necessaries. This section makes no substantive change to law and is included only because of a like provision in current law. Without this provision the Committee believes these waivers would be permissible as a matter of law as they do not violate any public policy and on their face reflect an arms length transaction between the parties. The inclusion of this provision should not raise the implication that a similar provision is required for other matters that may be waivable as a matter of law.

house floor statementSection 31305 has been changed to clarify that the chapter does not prevent a mortgagee or other lien holder from waiving by contract the right to a lien, or the priority of that lien.

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.