§544.411. Entities owned by one or more persons whose property and interests in property are blocked.
31 C.F.R. § 544.411
Persons whose property and interests in property are blocked pursuant to § 544.201 have an interest in all property and interests in property of an entity in which such persons directly or indirectly own, whether individually or in the aggregate, a 50 percent or greater interest. The property and interests in property of such an entity, therefore, are blocked, and such an entity is a person whose property and interests in property are blocked pursuant to § 544.201, regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).
Notes, amendments, and revision history
Amendments
[87 FR 78473, Dec. 21, 2022]
Authority
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 12938, 59 FR 59099, 3 CFR, 1994 Comp., p. 950; E.O. 13094, 63 FR 40803, 3 CFR, 1998 Comp., p. 200; E.O. 13382, 70 FR 38567, 3 CFR, 2005 Comp., p. 170.
Source
Source: 74 FR 16773, Apr. 13, 2009, unless otherwise noted.
Amendments
[87 FR 78473, Dec. 21, 2022]