Title 10 › Subtitle C — Navy and Marine Corps › PART IV — GENERAL ADMINISTRATION › CHAPTER 883 — PRIZE › § 8875
The Secretary of the Navy can set a scale of payments for auctioneers who sell captured property. Those payments cover both fees and expenses. The scale cannot pay more than one-half of one percent (0.5%) on amounts over $10,000 for vessels, and not more than 1% on amounts over $10,000 for other prize property. If no scale exists, a court will decide a fair payment for each case.
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Armed Forces, Source: USLM XML via OLRC
Legislative History
Reference
Citation
10 U.S.C. § 8875
Title 10, Armed Forces
Last Updated
Aug 21, 2026
Release point: 119-102