Source: https://www.law.cornell.edu/cfr/text/31/542.403
Timestamp: 2016-05-05 03:03:52
Document Index: 596738215

Matched Legal Cases: ['art 542', '§ 542', '§ 542', '§ 542', '§ 542', '§ 542', '§ 542', '§ 542', '§ 542', '§ 542']

31 CFR 542.403 - Termination and acquisition of an interest in blocked property. | US Law | LII / Legal Information Institute
CFR › Title 31 › Subtitle B › Chapter V › Part 542 › Subpart D › Section 542.403 31 CFR 542.403 - Termination and acquisition of an interest in blocked property.
§ 542.403
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, such property shall no longer be deemed to be property blocked pursuant to § 542.201(a), unless there exists in the property another interest that is blocked pursuant to § 542.201(a) or any other part of this chapter, the transfer of which has not been effected pursuant to license or other authorization.
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 or interests in property are blocked pursuant to § 542.201(a), such property shall be deemed to be property in which that person has an interest and therefore blocked.
§ 542.403 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 the Government of Syria or any other person whose property and interests in property are blocked pursuant to § 542.201(a), such property shall no longer be deemed to be property blocked pursuant to § 542.201(a), unless there exists in the property another interest that is blocked pursuant to § 542.201(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 the Government of Syria or any other person whose property and interests in property are blocked pursuant to § 542.201(a), such property shall be deemed to be property in which such a person has an interest and therefore blocked.