31 CFR 587.404
§ 587.404 Transactions ordinarily incident to a licensed transaction.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 587.404, § 587.404 Transactions ordinarily incident to a licensed transaction, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/143181
- Permanent ID
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Full text
Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:
(a) An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to § 587.201; or
(b) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.