# 31 CFR § 510.204: Expenses of maintaining blocked physical property; liquidation of blocked property

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-510.204

## Section

- **Citation:** 31 CFR § 510.204
- **Heading:** Expenses of maintaining blocked physical property; liquidation of blocked property
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY > PART 510—NORTH KOREA SANCTIONS REGULATIONS > Subpart B—Prohibitions

## Text

(a) Except as otherwise authorized, and notwithstanding the existence of any rights or obligations conferred or imposed by any international agreement or contract entered into or any license or permit granted prior to the effective date, all expenses incident to the maintenance of physical property blocked pursuant to § 510.201 shall be the responsibility of the owners or operators of such property, which expenses shall not be met from blocked funds.
(b) Property blocked pursuant to § 510.201 may, in the discretion of OFAC, be sold or liquidated and the net proceeds placed in a blocked interest-bearing account in the name of the owner of the property.

## Nearby sections

- [31 CFR § 510.101 § 510.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.101.md)
- [31 CFR § 510.201 § 510.201 Prohibited transactions involving blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.201.md)
- [31 CFR § 510.202 § 510.202 Effect of transfers violating the provisions of this part.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.202.md)
- [31 CFR § 510.203 § 510.203 Holding of funds in interest-bearing accounts; investment and reinvestment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.203.md)
- [31 CFR § 510.204 § 510.204 Expenses of maintaining blocked physical property; liquidation of blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.204.md)
- [31 CFR § 510.205 § 510.205 Prohibited importation of goods, services, or technology from North Korea.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.205.md)
- [31 CFR § 510.206 § 510.206 Prohibited exportation or reexportation of goods, services, or technology to North Korea.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.206.md)
- [31 CFR § 510.207 § 510.207 Prohibited vessel transactions related to North Korean registration and flagging.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.207.md)
- [31 CFR § 510.208 § 510.208 Prohibited aircraft landing or vessel calling in the United States.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.208.md)
- [31 CFR § 510.209 § 510.209 Prohibited new investment in North Korea.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.209.md)
- [31 CFR § 510.210 § 510.210 Prohibitions or strict conditions with respect to correspondent or payable-through accounts or blocking of certain foreign financial institutions identified by the Secretary of the Treasury.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.210.md)
- [31 CFR § 510.211 § 510.211 Prohibited facilitation.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.211.md)
- [31 CFR § 510.212 § 510.212 Evasions; attempts; causing violations; conspiracies.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.212.md)
- [31 CFR § 510.213 § 510.213 Exempt transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-510.213.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-510.204. Check the current official text before relying on it. Not legal advice.