Source: http://www.law.cornell.edu/cfr/text/31/576.204
Timestamp: 2014-07-10 02:55:35
Document Index: 638583971

Matched Legal Cases: ['art 576', '§ 576', '§ 576', '§ 576', '§ 576', '§ 576']

31 CFR 576.204 - Expenses of maintaining blocked physical property; liquidation of blocked property. | LII / Legal Information Institute
CFR › Title 31 › Subtitle B › Chapter V › Part 576 › Subpart B › Section 576.204 31 CFR 576.204 - Expenses of maintaining blocked physical property; liquidation of blocked property.
§ 576.204
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 physical property blocked pursuant to § 576.201(a) or § 576.201(b) shall be the responsibility of the owners or operators of such property, which expenses shall not be met from blocked funds.
Property blocked pursuant to § 576.201(a) or § 576.201(b) may, in the discretion of the Office of Foreign Assets Control, be sold or liquidated and the net proceeds placed in a blocked interest-bearing account in the name of the owner of the property.