---
kind: "section"
citation: "31 C.F.R. § 590.403"
title: "31"
number: "590.403"
heading: "Termination and acquisition of an interest in blocked property."
url: "https://uscodex.org/cfr/31/590.403"
---

# §590.403. 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 [§ 590.201](/cfr/31/590.201.md), such property shall no longer be deemed to be property blocked pursuant to [§ 590.201](/cfr/31/590.201.md), unless there exists in the property another interest that is blocked pursuant to [§ 590.201](/cfr/31/590.201.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 [§ 590.201](/cfr/31/590.201.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.; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13581, 76 FR 44757, 3 CFR, 2011 Comp., p. 260; E.O. 13863, 84 FR 10255, 3 CFR, 2019 Comp., p. 267.

### Source

Source: 87 FR 3209, Jan. 21, 2022, unless otherwise noted.