CFR > Title 50 - Wildlife and Fisheries > CHAPTER II—NATIONAL MARINE FISHERIES SERVICE, NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE > SUBCHAPTER F—AID TO FISHERIES (Parts 253–259) > PART 253—FISHERIES ASSISTANCE PROGRAMS > SUBPART B—Fisheries Obligation Guarantee Program (§253.10 to §253.19) > 253.19—Default and liquidation.

253.19—Default and liquidation.

Upon default of the security documents, the Division shall take such remedial action (including, where appropriate, liquidation) as it deems best able to protect the U.S.' interest.