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46 U.S.C. § 56309 — Emergency foreign vessel acquisition; purchase or requisition of vessels lying idle in United States waters

Federal law — U.S. Code and appendices · legal_authorities

46 U.S.C. § 56309 — Emergency foreign vessel acquisition; purchase or requisition of vessels lying idle in United States waters

During any period in which vessels may be requisitioned under this chapter, the President is authorized and empowered through the Secretary of Transportation to purchase, or to requisition, or for any part of such period to charter or requisition the use of, or to take over the title to or possession of, for such use or disposition as he shall direct, any merchant vessel not owned by citizens of the United States which is lying idle in waters within the jurisdiction of the United States and which the President finds to be necessary to the national defense. Just compensation shall be determined and made to the owner or owners of any such vessel in accordance with the applicable provisions of this chapter. Such compensation hereunder, or advances on account thereof, shall be deposited with the Treasurer of the United States in a separate deposit fund. Payments for such compensation and also for payment of any valid claim upon such vessel in accord with the provisions of section 56305, shall be made from such fund upon the certificate of the Secretary of Transportation.

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Source location: Title 46, Chapter 563, § 56309; chapter-563-emergency-acquisition-of-vessels.md

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 196 to 198 — Transferred

### Statutory Notes #### Codification Section 196, Aug. 9, 1954, ch. 659, § 1, 68 Stat. 675; Pub. L. 96–70, title III, § 3302(c), Sept. 27, 1979, 93 Stat. 498; Pub. L. 97–31, § 12(152), Aug. 6, 1981, 95 Stat. 167, was redesignated as and transferred to [section 56309 of Title 46](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title46-section56309&num=0&edition=prelim), Shipping, by Pub. L. 115–91, div. C, title XXXV, § 3504(a)(1), Dec. 12, 2017, 131 Stat. 1911. Section 197, Aug. 9, 1954, ch. 659, § 2, 68 Stat. 675; Pub. L. 97–31, § 12(152), Aug. 6, 1981, 95 Stat. 167, was redesignated as and transferred to [section 56310 of Title 46](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title46-section56310&num=0&edition=prelim), Shipping, by Pub. L. 115–91, div. C, title XXXV, § 3504(b)(1), Dec. 12, 2017, 131 Stat. 1912. Section 198, Aug. 9, 1954, ch. 659, § 3, 68 Stat. 675; Pub. L. 89–670, § 6(b)(1), (2), Oct. 15, 1966, 80 Stat. 938; Pub. L. 97–31, § 12(152), Aug. 6, 1981, 95 Stat. 167, was redesignated as and transferred to [section 56311 of Title 46](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title46-section56311&num=0&edition=prelim), Shipping, by Pub. L. 115–91, div. C, title XXXV, § 3504(c)(1), Dec. 12, 2017, 131 Stat. 1912.

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Federal law — U.S. Code and appendices · legal_authorities

46 U.S.C. § 56309 — Emergency foreign vessel acquisition;

Page 503 TITLE 46—SHIPPING § 56309 1 See References in Text note below. (2) pay the owner an amount sufficient to re- condition the vessel to that condition, less or- dinary wear and tear. (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1656.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 56307 .......... 46 App.:1242(a) (4th sentence). June 29, 1936, ch. 858, title IX, § 902(a) (4th sentence), 49 Stat. 2015; Pub. L. 97–31, § 12(131), Aug. 6, 1981, 95 Stat. 165. The words ‘‘requisitioned for use but not ownership’’ are substituted for ‘‘taken and used under authority of this section, but the ownership thereof is not required by the United States’’ to eliminate unnecessary words. § 56308. Transfer of substitute vessels In the case of any vessel constructed in the United States after January 1, 1937, which has been taken by the United States for use in any manner, the Secretary of Transportation, if in his opinion the transfer would aid in carrying out the policies of this Act,1 is authorized to transfer to the owner of such vessel another ves- sel which is deemed by the Secretary to be of comparable type with adjustments for deprecia- tion and difference in design or speed, and to the extent applicable, such other adjustments and terms and conditions, including transfer of mortgage obligations in favor of the United States binding upon the old vessel, as the Sec- retary may prescribe. (Added and amended Pub. L. 115–91, div. C, title XXXV, § 3502(a)(2), (b)(5), Dec. 12, 2017, 131 Stat. 1910.) Editorial Notes REFERENCES IN TEXT This Act, referred to in text, means act Mar. 8, 1946, ch. 82, 60 Stat. 41, known as the Merchant Ship Sales Act of 1946, which was classified principally to chapter

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