Source: https://www.law.cornell.edu/uscode/text/46/31325?qt-us_code_tabs=3
Timestamp: 2016-02-13 02:28:52
Document Index: 739785300

Matched Legal Cases: ['§ 31325', '§\u202f31325', '§\u202f102', '§\u202f303', '§\u202f1124', '§\u202f401', '§\u202f205', '§\u202f15', '§\u202f3529', '§\u202f15', '§\u202f15', '§\u202f205', '§\u202f205', '§\u202f1124', '§\u202f1124', '§\u202f1124', '§\u202f1124', '§\u202f205', '§\u202f1124']

46 U.S. Code § 31325 - Preferred mortgage liens and enforcement | US Law | LII / Legal Information Institute
§ 31325.
Preferred mortgage liens and enforcement
(1) Actual notice of a civil action brought under subsection (b)(1) of this section, or to enforce a maritime lien, must be given in the manner directed by the court to—
any person that recorded under section 31343(a) or (d) of this title an unexpired notice of a claim of an undischarged lien on the vessel; and
Before title to the documented vessel or vessel for which an application for documentation is filed under chapter 121 is transferred by an extrajudicial remedy, the person exercising the remedy shall give notice of the proposed transfer to the Secretary, to the mortgagee of any mortgage on the vessel filed in substantial compliance with section 31321 of this title before notice of the proposed transfer is given to the Secretary, and to any person that recorded an unexpired notice of a claim of an undischarged lien on the vessel under section 31343(a) or (d) of this title before notice of the proposed transfer is given to the Secretary.
(Pub. L. 100–710, title I, § 102(c), Nov. 23, 1988, 102 Stat. 4745; Pub. L. 101–225, title III, § 303(4), Dec. 12, 1989, 103 Stat. 1923; Pub. L. 104–324, title XI, § 1124(a), (b), Oct. 19, 1996, 110 Stat. 3980; Pub. L. 105–383, title IV, § 401(c)(5)–(7), Nov. 13, 1998, 112 Stat. 3425; Pub. L. 107–295, title II, § 205(b), Nov. 25, 2002, 116 Stat. 2096; Pub. L. 109–304, § 15(30), Oct. 6, 2006, 120 Stat. 1704; Pub. L. 110–181, div. C, title XXXV, § 3529(b)(1)(B), Jan. 28, 2008, 122 Stat. 603.)
31325(a)
46:951 (1st sentence)
31325(b)(1)
46:951 (2d sentence)
46:954(a)
31325(b)(3)
31325(c)
46:951 (3d sentence)
31325(d)
46:951 (4th to 6th sentences)
46:952 (1st, 2d sentences)
Section 31325(a) makes a “preferred mortgage” a lien on the vessel in the amount of the mortgage indebtedness secured by the vessel outstanding at foreclosure. This subsection makes no substantive change to law.
2008—Subsec. (b)(3)(B). Pub. L. 110–181 amended Pub. L. 109–304, § 15(30). See 2006 Amendment note below.
2006—Subsec. (b)(3)(B). Pub. L. 109–304, § 15(30), as amended by Pub. L. 110–181, substituted “section 56101 or 56102 of this title” for “section 9 or 37 of the Shipping Act, 1916 (46 App. U.S.C. 808, 835)”.
2002—Subsec. (d)(1)(B). Pub. L. 107–295, § 205(b)(1), substituted “an unexpired notice of a claim” for “a notice of a claim”.
Subsec. (f)(1). Pub. L. 107–295, § 205(b)(2), substituted “an unexpired notice of a claim” for “a notice of a claim”.
1998—Subsecs. (b)(1), (3), (c). Pub. L. 105–383 inserted “a vessel titled in a State,” after “chapter 121 of this title,”.
1996—Subsec. (b). Pub. L. 104–324, § 1124(a)(1), substituted “mortgagee may” for “mortgage may” in introductory provisions.
Subsec. (b)(1). Pub. L. 104–324, § 1124(a)(2)(A), substituted “preferred” for “perferred”.
Subsec. (b)(3). Pub. L. 104–324, § 1124(a)(2)(B), (3), added par. (3).
Subsec. (f). Pub. L. 104–324, § 1124(b), added subsec. (f).
Pub. L. 107–295, title II, § 205(e), Nov. 25, 2002, 116 Stat. 2096, provided that: “This section [see Tables for classification] shall take effect January 1, 2003.”
Pub. L. 104–324, title XI, § 1124(c), Oct. 19, 1996, 110 Stat. 3981, provided that: “The amendments made by subsections (a) and (b) [amending this section] may not be construed to imply that remedies other than judicial remedies were not available before the date of enactment of this section [Oct. 19, 1996] to enforce claims for outstanding indebtedness secured by mortgaged vessels.”