Statute · United States Code

46 U.S.C. § 57521 — Termination of charter during national emergency

46 U.S.C. § 57521

Type: Statute
Source: United States Code
Jurisdiction: Federal
Date: 2025-01-06
Topic: bankruptcy

A charter under this chapter shall provide that during a national emergency proclaimed by the President or a period for which the President has proclaimed that the security of the national defense makes it advisable, the Secretary of Transportation may terminate the charter without cost to the United States Government on such notice to the charterer as the President determines.

Citator

46 U.S.C. § 57521 — Termination of charter during national emergency is in force in the current edition of the Code, and nothing recorded condemns it.

A charter under this chapter shall provide that during a national emergency proclaimed by the President or a period for which the President has proclaimed that the security of the national defense makes it advisable, the Secretary of Transportation may terminate the charter without cost to the United States Government on such notice to the charterer as the President determines.