33-U.S.C.-535E
§535E – Ownership
Pathway
Title 33 > Chapter 11 > Subchapter IV > Section 535e
Details
- Reference: Section 535e
- Legend: §535E – Ownership
- USCode Year: 2013
Provision Content
(a) Sale, assignment, or transfer; Secretary of Transportations approval
Nothing in this subchapter shall be deemed to prevent the individual, corporation, or other entity to which, pursuant to this subchapter, authorization has been given to construct, operate, and maintain an international bridge and the approaches thereto, from selling, assigning, or transferring the rights, powers, and privileges conferred by this subchapter: Provided, That such sale, assignment, or transfer shall be subject to approval by the Secretary of Transportation.
(b) State status of original applicant upon acquisition of right, title, and interest after termination of private entity licenses, contracts, or orders
Upon the acquisition by a State or States, or by a subdivision or instrumentality thereof, of the right, title, and interest of a private individual, corporation, or other private entity, in and to an international bridge, any license, contract, or order issued or entered into by the Secretary of Transportation, to or with such private individual, corporation, or other private entity, shall be deemed terminated forthwith. Thereafter, the State, subdivision, or instrumentality so acquiring shall operate and maintain such bridge in the same manner as if it had been the original applicant, and the provisions of section 535d of this title shall not apply.
(Pub. L. 92–434, §8, Sept. 26, 1972, 86 Stat. 732.)
References in Text
Section 535d of this title, referred to in subsec. (b), was repealed by Pub. L. 100–17, title I, §135(g), Apr. 2, 1987, 101 Stat. 174.
U.S. Encyclopedia of Law Coverage
33-U.S.C.-531 in the Legal Encyclopedia: Bridges
In this entry about 33-U.S.C.-531, find legal reference material, bibliographies and premiere content related to bridges in the American Encyclopedia of Law, presenting a comprehensive view of the United States bridges-specific issues, written by authorities in the field.
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