Statute · United States Code
10 U.S.C. § 8865 — Sale of prize
10 U.S.C. § 8865
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
(a) The court shall order a sale of prize property if— (1) the property has been condemned; (2) the court finds, at any stage of the proceedings, that the property is perishable, liable to deteriorate, or liable to depreciate in value; or (3) the cost of keeping the property is disproportionate to its value. (b) The court may order a sale of the prize property if, after the return-day on the libel, all the parties in interest who have appeared in the cause agree to it. (c) An appeal does not prevent the order of a sale under this section or the execution of such an order.
(a) The court shall order a sale of prize property if— (1) the property has been condemned; (2) the court finds, at any stage of the proceedings, that the property is perishable, liable to deteriorate, or liable to depreciate in value; or (3) the cost of keeping the property is disproportionate to its value. (b) The court may order a sale of the prize property if, after the return-day on the libel, all the parties in interest who have appeared in the cause agree to it. (c) An appeal does not prevent the order of a sale under this section or the execution of such an order.