Section 100. Distribution of surplus  


Latest version.
  • If  upon  payment  of  all claims
      established as liens against the vessel from the proceeds of its sale, a
      surplus remains, it may be distributed  by  the  court  to  the  persons
      entitled thereto, after a hearing and the publication of a notice by the
      applicants  for  the  same  time and in the same manner as the notice of
      seizure is required by this article to be published. Such  notice  shall
      specify  the  amount  of  the surplus proceeds, the names of the persons
      applying therefor, the name of the vessel from the  sale  of  which  the
      same arose, the date of the sale and the time and place when the hearing
      will be held and the distribution of the surplus made.