§ 576.404 Termination and acquisition of an interest in property.

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Title 31 CFR: Money and Finance: Treasury › Chapter V: OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › Part 576: IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS › Subpart D: Interpretations › § 576.404: § 576.404 Termination and acquisition of an interest in property.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

(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 § 576.201, unless there exists in the property another interest that is blocked pursuant to § 576.201 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 and interests in property are blocked pursuant to § 576.201(a), such property shall be deemed to be property in which that person has an interest and therefore blocked.

[75 FR 55466, Sept. 13, 2010, as amended 82 FR 61451, Dec. 28, 2017]

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