U.S. Code > Title 10 Armed Forces > Subtitle C—Navy and Marine Corps (§§ 5001—7913) > PART IV—GENERAL ADMINISTRATION (§§ 7201—7913) > CHAPTER 655—PRIZE (§§ 7651—7681) > § 7664. Delivery of property on stipulation

§ 7664. Delivery of property on stipulation

(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.