§8864 Delivery of Property on Stipulation

Summary

A claimant can get prize property back by posting a stipulation, deposit, or other security if four things happen: the claimant proves the item has special value beyond market price; the court finds no harm to the United States or other claimants; the U.S. attorney and the naval prize or naval special prize commissioner may be heard about appraiser appointments; and a satisfactory appraisal is made. Any money deposited instead of a stipulation that is not for costs must be given to the Treasurer of the United States or a public depositary and handled like sale proceeds.