---
kind: "section"
citation: "31 C.F.R. § 599.406"
title: "31"
number: "599.406"
heading: "Entities owned by one or more persons whose property and interests in property are blocked."
url: "https://uscodex.org/cfr/31/599.406"
---

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


Persons whose property and interests in property are blocked pursuant to [§ 599.201](/cfr/31/599.201.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 [§ 599.201](/cfr/31/599.201.md), regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).


## 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.