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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 46 U.S.C. § 57112 | Requirements for purchasing federally auctioned vessels | us | united_states_code | code_section | 46 | SHIPPING | 571 | GENERAL AUTHORITY | 57112 | 46 U.S.C. § 57112 | 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/s57112 | data/legal/raw/us/code/title-46/usc46.xml | 7f616380e29737ce89bdca342496bcef6f5e6a12c52acd73f8ff572124cfbd7f | eb1331aa3c08ed87231a3606d86b30d1b5942cdf8542f6a3df8ac1d66e86057f | ab33820cfa3e5a6aaac43b0f70418c6f96776b8512a3bb64347166bad8cdb3aa | 2026-07-04 | official |
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46 U.S.C. § 57112 - Requirements for purchasing federally auctioned vessels
Text
(a) In General.— To be eligible to purchase a covered vessel from the Federal Government, a person shall provide proof of—
(1) liability insurance for the operator of such covered vessel;
(2) financial resources sufficient to cover maintenance costs of such covered vessel; and
(3) with respect to a covered vessel requiring documentation under chapter 121, an admiralty bond or stipulation.
(b) Covered Vessel Defined.— In this section, the term “covered vessel” means—
(1) a government owned vessel disposed of in accordance with this part and section 548 of title 40;
(2) a vessel seized or forfeited pursuant to any law, and auctioned by the Federal Government, including a vessel seized or forfeited pursuant to section 7301 or 7302 of the Internal Revenue Code of 1986; or
(3) a fishing vessel seized or forfeited pursuant to section 310 of the Magnuson-Stevens Fishery Conservation and Management Act (16 U.S.C. 1860).
(Added Pub. L. 118–159, div. C, title XXXV, § 3532(a), Dec. 23, 2024, 138 Stat. 2312.)
Notes
Editorial Notes
References in TextSections 7301 and 7302 of the Internal Revenue Code of 1986, referred to in subsec. (b)(2), are classified to sections 7301 and 7302, respectively, of Title 26, Internal Revenue Code.