You should take early and substantial action to steer well clear of the other craft.
First of all, ALWAYS wear a Personal Flotation Device (PFD)
This is highly dependent on how the vessel is aground. If you are aground on the rocks or on the sand and there is a danger due to high waves, a hull breach, flooding or injury, the US Coast Guard is going to do everything humanly possible to assist those persons in distress. There is a point though, where if there is a high probability that it will jeopardize the lives of the boat crews or helicopter crew, they may have to wait till the situation stabilizes. They will exhaust every possible option first.
If you are aground and in no danger, they may broadcast marine assistance request for other boaters, commercial tow or wait for you to re-float, depending on the location, assets available and severity of the grounding. The US Coast Guard is not required to salvage your vessel, their responsibility is to the persons in distress. You can always contact the US Coast Guard on channel 16 (International Hailing and Distress). The first four questions you will be asked. 1. Position (lat and long or geographical), 2.) Nature of distress (aground, sinking, fire, manoverboard..) 3.) Description of your vessel 4.) And is everyone wearing a life jacket (pfd). Please refer to the link provided in the related link section.
The coast guard is required to assist when a person is in distress. They are not required to salvage your boat.
When on any boat you should always be wearing a life preserver vest. The first thing after a board capsizes is to seek the waters surface. There may be an air pocket that forms inside the overturned hull that will let you get your bearings as to where you are and how to best get to the waters surface. Stay calm and do not panic if at all possible.
In Oklahoma, boat operators involved in an accident are required to give assistance to any person injured in the accident.
Rules of the Road
Sound and light signals
Maneuvering and Warning Signals
International (Signals of Action)
(a.) When vessels are in sight of one another, a power driven vessel underway, when maneuvering as authorized or required by these rules, shall indicate that maneuver by the following signals on her whistle.
-One short blast to mean "I AM altering my course to starboard";
-Two short blasts to mean "I AM altering my course to port";
-Three short blasts to mean "I AM operating astern propulsion".
Inland (Signals of intent)
(a) When a power driven vessels are in sight of one another and meeting or crossing at a distance within half a mile of each other, each vessel underway, when maneuvering as authorized or required by these rules:
(i) Shall indicate that maneuver by the following signals on her whistle: one short blast to mean "I intend to leave you on my port side" (turning to starboard.); two short blast to mean "I intend to leave you on my starboard" (turning to port); and three short blasts to mean "I am operating astern propulsion"(This is the ONLY action in Inland)
at all times
Starboard (right) side