# § 8864. 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.
---
**Source Credit**: (Aug. 10, 1956, ch. 1041, 70A Stat. 479, § 7664; renumbered § 8864, Pub. L. 115–232, div. A, title VIII, § 807(d)(9), Aug. 13, 2018, 132 Stat. 1837.)
| Revised section | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 7664 | 34 U.S.C. 1142. | R.S. 4626. |
and this section reflect the , , which repealed laws authorizing distribution of prize proceeds to captors, and the , , which requires substitution of “Treasurer of the United States or public depositary” for “assistant treasurer”.
## Editorial Notes
### Amendments
2018— renumbered as this section.
## Statutory Notes and Related Subsidiaries
### Effective Date of 2018 Amendment
Amendment by effective , with provision for the coordination of amendments and special rule for certain redesignations, see , set out as a note preceding .