Code of Federal Regulations · Section

§ 560.425 — Entities Owned By One Or More Persons Whose Property And Interests In Property Are Blocked

31 C.F.R. § 560.425

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(a) Persons whose property and interests in property are blocked pursuant to § 560.211 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 § 560.211, regardless of whether the entity itself is identified as a person whose property and interests in property are blocked pursuant to § 560.211.

(b) This section, which deals with the consequences of ownership of entities, in no way limits the definition of the Government of Iran in § 560.304.

31 C.F.R. § 560.424 31 C.F.R. § 560.426

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