[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: 31CFR586.307]

[Page 861]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 586--FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA & MONTENEGRO) KOSOVO SANCTIONS REGULATIONS--Table of Contents
 
                     Subpart C--General Definitions
 
Sec. 586.307  Government of the Republic of Montenegro.

    The term Government of the Republic of Montenegro means the 
government of the Republic of Montenegro, including any subdivisions 
thereof or local governments therein, its agencies, instrumentalities 
and controlled entities, including all financial institutions and state-
owned and socially-owned entities organized or located in the Republic 
of Montenegro as of June 9, 1998, any successors to such entities, and 
their respective subsidiaries and branches, wherever located, and any 
persons acting or purporting to act for or on behalf of any of the 
foregoing.

    Note to Sec. 586.307: Section 586.516 authorizes all transactions by 
U.S. persons involving property or interests in property of the 
Government of the Republic of Montenegro, unless such property remains 
blocked pursuant to the Federal Republic of Yugoslavia (Serbia and 
Montenegro) and Bosnian Serb-Controlled Areas of the Republic of Bosnia 
and Herzegovina Sanctions Regulations, 31 CFR part 585 (see 
Sec. 585.525).