GroundRules
50 CFR 296.14: Subrogation.
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 K—CONTINENTAL SHELF
- PART 296—FISHERMEN'S CONTINGENCY FUND
(a) The claim application will contain a subrogation statement signed by the claimant as a condition of payment of the claim which:
(1) Assigns to the Fund the claimant's rights against third parties; and
(2) Provides that the claimant will assist the Fund in any reasonable way to pursue those rights.
(b) Collection of subrogated rights. If a reasonable chance of successful collection exists, NMFS will refer any subrogated rights to the Justice Department for collection.
(c) Any moneys recovered through subrogation shall be deposited into the Fund.
Collected 2026-08-27T02:26:39Z. Source file · JSON