Statute · United States Code
46 U.S.C. § 58103 — Employing another person as managing or operating agent
46 U.S.C. § 58103
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
(a) Prohibition.—Except with the written consent of the Secretary of Transportation, a contractor holding a contract under the operating-differential subsidy program or under chapter 575 of this title may not— (1) employ another person as the managing or operating agent of the operator; or (2) charter a vessel, on which an operating-differential subsidy is to be paid, for operation by another person. (b) Applicability of Provisions to Charterer.—If a charter prohibited by this section is made, the person operating the chartered vessel is subject to all the provisions of this subtitle and the operating-differential subsidy program, including limitations of profits and salaries.
Citator
46 U.S.C. § 58103 — Employing another person as managing or operating agent is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Prohibition.—Except with the written consent of the Secretary of Transportation, a contractor holding a contract under the operating-differential subsidy program or under chapter 575 of this title may not— (1) employ another person as the managing or operating agent of the operator; or (2) charter a vessel, on which an operating-differential subsidy is to be paid, for operation by another person. (b) Applicability of Provisions to Charterer.—If a charter prohibited by this section is made, the person operating the chartered vessel is subject to all the provisions of this subtitle and the operating-differential subsidy program, including limitations of profits and salaries.