[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR500.303]

[Page 529]
 
                  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. 500.303  Nationals of more than one foreign country.

    (a) Any person who by virtue of any provision in this chapter is a 
national of more than one foreign country shall be deemed to be a 
national of each of such foreign countries.
    (b) In any case in which a person is a national of two or more 
designated foreign countries, a license or authorization with respect to 
nationals of one of such designated foreign countries shall not be 
deemed to apply to such person unless a license or authorization of 
equal or greater scope is outstanding with respect to nationals of each 
other designated foreign country of which such person is a national.
    (c) In any case in which the combined interests of two or more 
designated foreign countries and/or nationals thereof are sufficient in 
the aggregate to constitute control or ownership of 25 per centum or 
more of the stock, shares, bonds, debentures, notes, drafts, or other 
securities or obligations of a partnership, association, corporation or 
other organization, but such control or a substantial part of such 
stock, shares, bonds, debentures, notes, drafts, or other securities or 
obligations is not held by any one such foreign country and/or national 
thereof, such partnership, association, corporation or other 
organization shall be deemed to be a national of each of such foreign 
countries.