---
kind: "section"
citation: "31 C.F.R. § 551.403"
title: "31"
number: "551.403"
heading: "Termination and acquisition of an interest in blocked property."
url: "https://uscodex.org/cfr/31/551.403"
---

# §551.403. 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 a person whose property and interests in property are blocked pursuant to [§ 551.201](/cfr/31/551.201.md), such property shall no longer be deemed to be property blocked pursuant to [§ 551.201](/cfr/31/551.201.md), unless there exists in the property another interest that is blocked pursuant to [§ 551.201](/cfr/31/551.201.md), 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 a person whose property and interests in property are blocked pursuant to [§ 551.201](/cfr/31/551.201.md), such property shall be deemed to be property in which such person has an interest and therefore blocked.

## Notes

### 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. 13536, 75 FR 19869, 3 CFR, 2010 Comp., p. 203; E.O. 13620, 77 FR 43483, 3 CFR, 2012 Comp., p. 281.

### Source

Source: 86 FR 22348, Apr. 28, 2021, unless otherwise noted.