Title 10 — Armed ForcesRelease 119-73not60
§8875 Commissions of Auctioneers
Title 10 › Subtitle Subtitle C— Navy and Marine Corps › Part IV— GENERAL ADMINISTRATION › Chapter 883— PRIZE › § 8875
Summary
The Secretary of the Navy can set a fee schedule for auctioneers that covers their work and any costs. The fees may not be more than one-half of one percent for vessels and one percent for other prize property on sale amounts over $10,000. If no schedule is set, a court will decide a fair payment.
Full Legal Text
Title 10, §8875
Armed Forces — Source: USLM XML via OLRC
(a)The Secretary of the Navy may establish a scale of commissions to be paid to auctioneers employed to make sales of prize property. These commissions are in full satisfaction of expenses as well as services. The scale may in no case allow a commission in excess of—
(1)½ of 1 percent on any amount exceeding $10,000 on the sale of a vessel; and
(2)1 percent on any amount exceeding $10,000 on the sale of other prize property.
(b)If no such scale is established, auctioneers in prize causes shall be paid such compensation as the court considers just under the circumstances of each case.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised sectionSource (U.S. Code)Source (Statutes at Large) 767534 U.S.C. 1156.R.S. 4650. The word “amount” is substituted for the word “sum”.
Editorial Notes
Amendments
2018—Pub. L. 115–232 renumbered section 7675 of this title as this section.
Statutory Notes and Related Subsidiaries
Effective Date
of 2018 AmendmentAmendment by Pub. L. 115–232 effective Feb. 1, 2019, with provision for the coordination of
Amendments
and special rule for certain redesignations, see section 800 of Pub. L. 115–232, set out as a note preceding section 3001 of this title.
Reference
Citations & Metadata
Citation
10 U.S.C. § 8875
Title 10 — Armed Forces
Last Updated
Apr 3, 2026
Release point: 119-73not60