---
kind: "section"
citation: "31 C.F.R. § 570.411"
title: "31"
number: "570.411"
heading: "Entities owned by one or more persons whose property and interests in property are blocked."
url: "https://uscodex.org/cfr/31/570.411"
---

# §570.411. Entities owned by one or more persons whose property and interests in property are blocked.

- (a) Persons whose property and interests in property are blocked pursuant to [§ 570.201](/cfr/31/570.201.md) 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 [§ 570.201](/cfr/31/570.201.md), regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).
- (b) This section, which deals with the consequences of ownership of entities, in no way limits the definition of the Government of Libya in [§ 570.305](/cfr/31/570.305.md), which includes within its definition other persons whose property and interests in property are blocked but who are not on the SDN List.

## 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. 13566, 76 FR 11315, 3 CFR, 2011 Comp., p. 222; E.O. 13726, 81 FR 23559, 3 CFR, 2016 Comp., p. 454.

### Source

Source: 87 FR 59678, Oct. 3, 2022, unless otherwise noted.