§569.403. Termination and acquisition of an interest in blocked property.
31 C.F.R. § 569.403
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 § 569.201, such property shall no longer be deemed to be property blocked pursuant to § 569.201, unless there exists in the property another interest that is blocked pursuant to § 569.201, 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 § 569.201, such property shall be deemed to be property in which such person has an interest and therefore blocked.
Notes, amendments, and revision history
Authority
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; 28 U.S.C. 2461 note (Pub. L. 101-410, 104 Stat. 890, as amended); 22 U.S.C. 8791 et seq. (Pub. L. 112-158, Title VII, sec. 705, 126 Stat. 1268); 22 U.S.C. 8791 note (Pub. L. 116-92, Div. F, Title LXXIV, 133 Stat. 2291); 22 U.S.C. 9528(a); 50 U.S.C. 1701 note (Pub. L. 118-50, div. P, 138 Stat. 992); E.O. 13606, 77 FR 24571, 3 CFR, 2012 Comp., p. 243; E.O. 13894, 84 FR 55851, 3 CFR, 2019 Comp., p. 382; E.O. 14142, 90 FR 6709; E.O. 14312, 90 FR 29395.
Source
Source: 85 FR 34510, June 5, 2020, unless otherwise noted.