Source: https://www.law.cornell.edu/cfr/text/31/541.403
Timestamp: 2019-04-20 17:00:27+00:00

Document:
Section 541.403. Termination and acquisition of an interest in blocked property.
31 CFR § 541.403 - Termination and acquisition of an interest in blocked property.
§ 541.403 Termination and acquisition of an interest in blocked property.
(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 § 541.201(a), such property shall no longer be deemed to be property blocked pursuant to § 541.201(a), unless there exists in the property another interest that is blocked pursuant to § 541.201(a), 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 § 541.201(a), such property shall be deemed to be property in which such a person has an interest and therefore blocked.

References: § 541

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