---
kind: "section"
citation: "31 C.F.R. § 587.301"
title: "31"
number: "587.301"
heading: "Blocked account; blocked property."
url: "https://uscodex.org/cfr/31/587.301"
---

# §587.301. Blocked account; blocked property.


The terms blocked account and blocked property mean any account or property subject to the prohibitions in [§ 587.201](/cfr/31/587.201.md) held in the name of a person whose property and interests in property are blocked pursuant to [§ 587.201](/cfr/31/587.201.md), or in which such person has an interest, and with respect to which payments, transfers, exportations, withdrawals, or other dealings may not be made or effected except pursuant to a license or other authorization from OFAC expressly authorizing such action.


## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 14024, 86 FR 20249, 3 CFR, 2021 Comp., p. 542.

### Source

Source: 87 FR 11297, Mar. 1, 2022, unless otherwise noted.