31 CFR 515.403
§ 515.403 Termination and acquisition of the interest of a designated national.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 515.403, § 515.403 Termination and acquisition of the interest of a designated national, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140987
- Permanent ID
ys:prov:140987@1- SHA-256
31042f45daa218ea1fea783929fe36dd384617eb79196ff1efb625b77d7aaae7
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Full text
(a) Except as provided in § 515.525, whenever a transaction licensed or authorized by or pursuant to this part results in the transfer of property (including any property interest) away from a designated national, such property shall no longer be deemed to be property in which a designated national has or has had an interest unless there exists in such property an interest of a designated national, the transfer of which has not been effected pursuant to license or other authorization.
(b) Unless otherwise specifically provided in a license or authorization contained in or issued pursuant to this part, if property (including any property interest) is transferred to a designated national such property shall be deemed to be property in which there exists the interest of a designated national.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.