§546.403. Termination and acquisition of an interest in blocked property.
31 C.F.R. § 546.403
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 whose property and interests in property are blocked pursuant to § 546.201, such property shall no longer be deemed to be property blocked pursuant to § 546.201, unless there exists in the property another interest that is blocked pursuant to § 546.201, 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 and interests in property are blocked pursuant to § 546.201, such property shall be deemed to be property in which that person has an interest and therefore blocked.
Notes, amendments, and revision history
Amendments
[74 FR 25432, May 28, 2009, as amended at 89 FR 15748, Mar. 5, 2024]
Authority
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13067, 62 FR 59989, 3 CFR, 1997 Comp., p. 230; E.O. 13400, 71 FR 25483, 3 CFR, 2006 Comp., p. 220; E.O. 14098, 88 FR 29529.
Source
Source: 74 FR 25432, May 28, 2009, unless otherwise noted.
Amendments
[74 FR 25432, May 28, 2009, as amended at 89 FR 15748, Mar. 5, 2024]