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e-CFR data is current as of August 11, 2020

Title 31Subtitle BChapter VPart 594Subpart D → §594.404

Title 31: Money and Finance: Treasury
Subpart D—Interpretations

§594.404   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, such property shall no longer be deemed to be property blocked pursuant to §594.201(a), unless there exists in the property another interest that is blocked pursuant to §594.201(a) or any other part of this chapter, 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 or interests in property are blocked pursuant to §594.201(a), such property shall be deemed to be property in which that person has an interest and therefore blocked.

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