GroundRules
50 CFR 253.23: Default and liquidation.
Where this section sits in the code
- Title 50—Wildlife and Fisheries
- CHAPTER II—NATIONAL MARINE FISHERIES SERVICE, NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE
- SUBCHAPTER F—AID TO FISHERIES
- PART 253—FISHERIES ASSISTANCE PROGRAMS
- Subpart B—Fisheries Finance Program
Upon default under the terms of any note, guarantee, security agreement, mortgage, or other security document the Program shall take remedial actions including, but not limited to, where appropriate, retaking or arrest of collateral, foreclosure, restructuring, debarment, referral for debt collection, or liquidation as it deems best able to protect the U.S. Government's interest.
Collected 2026-08-27T02:26:39Z. Source file · JSON