Code of Federal Regulations · Section
§ 579.406 — Entities Owned By One Or More Persons Whose Property And Interests In Property Are Blocked
31 C.F.R. § 579.406
View:
Persons whose property and interests in property are blocked pursuant to § 579.201 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 § 579.201, regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).
Authorizing Statute
-
Termination of existing declared emergencies50 U.S.C. § 1601
-
General authority of the Secretary31 U.S.C. § 321
-
Mode of recovery28 U.S.C. § 2461