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Current as of January 01, 2024 | Updated by Findlaw Staff
A construction reserve fund may be established by a citizen of the United States that--
(1) is operating a vessel in the foreign or domestic commerce of the United States or in the fisheries;
(2) owns, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries;
(3) was operating a vessel in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the United States Government;
(4) owned, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government; or
(5) had acquired or was having constructed a vessel to operate in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government.
Cite this article: FindLaw.com - 46 U.S.C. § 53303 - U.S. Code - Unannotated Title 46. Shipping § 53303. Persons eligible to establish funds - last updated January 01, 2024 | https://codes.findlaw.com/us/title-46-shipping/46-usc-sect-53303/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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