[Code of Federal Regulations] [Title 31, Volume 2] [Revised as of July 1, 2003] From the U.S. Government Printing Office via GPO Access [CITE: 31CFR500.323] [Page 524] TITLE 31--MONEY AND FINANCE: TREASURY CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY PART 500--FOREIGN ASSETS CONTROL REGULATIONS--Table of Contents Subpart C--General Definitions Sec. 500.323 Occupied area. The term occupied area shall mean any territory occupied by a designated foreign country which was not occupied by such country prior to June 25, 1950.