# 31 CFR § 598.207: Expenses of maintaining blocked tangible property; liquidation of blocked property

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-598.207

## Section

- **Citation:** 31 CFR § 598.207
- **Heading:** Expenses of maintaining blocked tangible 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 598—FOREIGN NARCOTICS KINGPIN 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 tangible property blocked pursuant to § 598.202 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 § 598.202 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.
[86 FR 26668, May 17, 2021]

## Nearby sections

- [31 CFR § 598.101 § 598.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.101.md)
- [31 CFR § 598.201 § 598.201 Applicability of sanctions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.201.md)
- [31 CFR § 598.202 § 598.202 Prohibited transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.202.md)
- [31 CFR § 598.204 § 598.204 Evasions; attempts; conspiracies.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.204.md)
- [31 CFR § 598.205 § 598.205 Effect of transfers violating the provisions of this part.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.205.md)
- [31 CFR § 598.206 § 598.206 Holding of funds in interest-bearing accounts; investment and reinvestment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.206.md)
- [31 CFR § 598.207 § 598.207 Expenses of maintaining blocked tangible property; liquidation of blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.207.md)
- [31 CFR § 598.300 § 598.300 Applicability of definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.300.md)
- [31 CFR § 598.301 § 598.301 Blocked account; blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.301.md)
- [31 CFR § 598.302 § 598.302 Effective date.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.302.md)
- [31 CFR § 598.303 § 598.303 Entity.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.303.md)
- [31 CFR § 598.304 § 598.304 Foreign Narcotics Kingpin Designation Act.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.304.md)
- [31 CFR § 598.305 § 598.305 Foreign person.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.305.md)
- [31 CFR § 598.307 § 598.307 Interest.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-598.207. Check the current official text before relying on it. Not legal advice.