31 CFR 555.403
§ 555.403 Termination and acquisition of an interest in blocked property.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 555.403, § 555.403 Termination and acquisition of an interest in blocked property, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/142121
- Permanent ID
ys:prov:142121@1- SHA-256
a3c0e6b92d778d34051f878574e4ea72dd4751ebb190ad3448790f0bb7834a4c
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Full text
(a) 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 person whose property and interests in property are blocked pursuant to § 555.201, such property shall no longer be deemed to be property blocked pursuant to § 555.201, unless there exists in the property another interest that is blocked pursuant to § 555.201, the transfer of which has not been effected pursuant to license or other authorization.
(b) Unless otherwise specifically provided in a license or authorization issued pursuant to this part, if property (including any property interest) is transferred or attempted to be transferred to a person whose property and interests in property are blocked pursuant to § 555.201, such property shall be deemed to be property in which such person has an interest and therefore blocked.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.