---
kind: "section"
citation: "31 C.F.R. § 599.404"
title: "31"
number: "599.404"
heading: "Transactions ordinarily incident to a licensed transaction."
url: "https://uscodex.org/cfr/31/599.404"
---

# §599.404. Transactions ordinarily incident to a licensed transaction.


Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:

- (a) An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to [§ 599.201](/cfr/31/599.201.md); or
- (b) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property.

## Notes

### Authority

Authority: 3 U.S.C. 301; 21 U.S.C. 2301 et seq.; 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. 14059, 86 FR 71549, 3 CFR, 2021 Comp., p. 715.

### Source

Source: 87 FR 77712, Dec. 20, 2022, unless otherwise noted.