31 CFR 589.212
§ 589.212 Expenses of maintaining blocked tangible property; liquidation of blocked property.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 589.212, § 589.212 Expenses of maintaining blocked tangible property; liquidation of blocked property, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/143286
- Permanent ID
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Full text
(a) Except as otherwise authorized, and notwithstanding the existence of any rights or obligations conferred or imposed by any international agreement or contract entered into or any license or permit granted prior to the effective date, all expenses incident to the maintenance of tangible property blocked pursuant to § 589.201 shall be the responsibility of the owners or operators of such property, which expenses shall not be met from blocked funds.
(b) Property blocked pursuant to § 589.201 may, in the discretion of OFAC, be sold or liquidated and the net proceeds placed in a blocked interest-bearing account in the name of the owner of the 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.