[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: 31CFR550.209]

[Page 757-758]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 550_LIBYAN SANCTIONS REGULATIONS--Table of Contents
 
                         Subpart B_Prohibitions
 
Sec. 550.209  Prohibited transactions involving property in which the 

Government of Libya has an interest; transactions with respect to 
securities.

    (a) Except as authorized by regulations, rulings, instructions, 
licenses, or otherwise, no property or interests in property of the 
Government of Libya that are in the United States that hereafter come 
within the United States or that are or hearafter come within the 
possession or control of U.S. persons, including their overseas 
branches, may be transferred, paid, exported, withdrawn or otherwise 
dealt in.

[[Page 758]]

    (b) Unless authorized by a license expressly referring to this 
section, the acquisition, transfer (including the transfer on the books 
of any issuer or agent thereof), disposition, transportation, 
importation, exportation, or withdrawal of, or the endorsement or 
guaranty of signatures on or otherwise dealing in any security (or 
evidence thereof) registered or inscribed in the name of the Government 
of Libya is prohibited irrespective of the fact that at any time (either 
prior to, on, or subsequent to 4:10 p.m. e.s.t., January 8, 1986) the 
registered or inscribed owner thereof may have, or appears to have, 
assigned, transferred or otherwise disposed of any such security.
    (c) When a transaction results in the blocking of funds at a 
financial institution pursuant to this section and a party to the 
transaction believes the funds have been blocked due to mistaken 
identity, that party may seek to have such funds unblocked pursuant to 
the administrative procedures set forth in Sec. 501.806 of this 
chapter.

[51 FR 2462, Jan. 16, 1986, as amended at 62 FR 45108, Aug. 25, 1997]