§547.410. Setoffs prohibited.
31 C.F.R. § 547.410
A setoff against blocked property (including a blocked account), whether by a U.S. bank or other U.S. person, is a prohibited transfer under § 547.201 if effected after the effective date.
Notes, amendments, and revision history
Source
Source: 83 FR 57313, Nov. 15, 2018, unless otherwise noted.
Authority
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13413, 71 FR 64105, 3 CFR, 2006 Comp., p. 247; E.O. 13671, 79 FR 39949, 3 CFR, 2015 Comp., p. 280.
Source
Source: 74 FR 25441, May 28, 2009, unless otherwise noted.