View all text of Chapter 883 [§ 8851 - § 8881]

§ 8865. Sale of prize
(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.
(Aug. 10, 1956, ch. 1041, 70A Stat. 479, § 7665; renumbered § 8865, Pub. L. 115–232, div. A, title VIII, § 807(d)(9), Aug. 13, 2018, 132 Stat. 1837.)