Section 506: Procedure to be observed by persons finding wreck

506. Procedure to be observed by persons finding wreck.—(1) Any person finding and taking possession of any wreck within any local limits for which a receiver has been so appointed, or bringing within such limits any wreck which has been found and taken possession of elsewhere, shall, as soon as practicable,— (a) if he be the owner thereof, give the receiver notice in writing of the finding thereof and of the marks by which such wreck is distinguished; and (b) if he be not the owner of such wreck, deliver the same to the receiver of wreck. (2) Any person who omitting to give notice of the finding of, or to deliver, any wreck to the receiver as required by sub-section (1) shall be liable to a fine which may extend to ten thousand rupees and, in the case of omission to deliver any wreck, shall, in addition to such fine, forfeit all claim to salvage, and pay to the owner of such wreck if the same is claimed, or if the same is unclaimed, to the Federal Government, a penalty not exceeding twice the value of such wreck.

Effective date: 2001-01-01

Related sections