(a) Prize property may be delivered to a claimant on stipulation, deposit, or other security, if—(1) the claimant satisfies the court that the property has a peculiar and intrinsic value to him, independent of its market value;
(2) the court is satisfied that the rights and interests of the United States or of other claimants will not be prejudiced;
(3) an opportunity is given to the United States attorney and the naval prize commissioner or the naval special prize commissioner to be heard as to the appointment of appraisers; and
(4) a satisfactory appraisal is made.
(b) Money collected on a stipulation, or deposited instead of it, that does not represent costs shall be deposited with the Treasurer of the United States or a public depositary in the same manner as proceeds of a sale.
Structure US Code
Subtitle C— Navy and Marine Corps
PART IV— GENERAL ADMINISTRATION
§ 8853. Court in which proceedings brought
§ 8854. Effect of failure to start proceedings
§ 8855. Appointment of prize commissioners and special prize commissioners
§ 8856. Duties of United States attorney
§ 8857. Duties of commanding officer of capturing vessel
§ 8858. Duties of prize master
§ 8859. Libel and proceedings by United States attorney
§ 8860. Duties of prize commissioners
§ 8861. Interrogation of witnesses by prize commissioners
§ 8863. Prize property appropriated for the use of the United States
§ 8864. Delivery of property on stipulation
§ 8867. Transfer of prize property to another district for sale
§ 8868. Disposition of prize money
§ 8870. Costs and expenses a charge on prize property
§ 8871. Payment of costs and expenses from prize fund
§ 8872. Recaptures: award of salvage, costs, and expenses
§ 8873. Allowance of expenses to marshals
§ 8874. Payment of witness fees
§ 8875. Commissions of auctioneers
§ 8876. Compensation of prize commissioners and special prize commissioners
§ 8877. Accounts of clerks of district courts
§ 8878. Interfering with delivery, custody, or sale of prize property
§ 8879. Powers of district court over prize property notwithstanding appeal