Federal · Title 46 — Shipping
46 U.S.C. § 53512: FIFO and LIFO withdrawals
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Except as provided in subsection (b), an amount withdrawn from an account under this chapter shall be treated as withdrawn on a first-in-first-out basis. a nonqualified withdrawal for research, development, and design expenses incident to new and advanced vessel design, machinery, and equipment; or an amount treated as a nonqualified withdrawal under section 53510(d) of this title .
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