[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: 31CFR550.304]

[Page 760]
 
                  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 C_Definitions
 
Sec. 550.304  Government of Libya.

    The term Government of Libya includes:
    (a) The state and the Government of Libya, as well as any political 
subdivision, agency, or instrumentality thereof, including the Central 
Bank of Libya;
    (b) Any partnership, association, corporation, or other organization 
owned or controlled directly or indirectly by the foregoing;
    (c) Any person to the extent that such person is, or has been, or to 
the extent that there is reasonable cause to believe that such person 
is, or has been, since the effective date, acting or purporting to act 
directly or indirectly on behalf of any of the foregoing;
    (d) Any other person or organization determined by the Secretary of 
the Treasury to be included within this section.

    Note to Sec. 550.304: Please refer to the appendices at the end of 
this chapter for listings of persons determined to fall within this 
definition who have been designated pursuant to this part. Section 
501.807 of this chapter sets forth the procedures to be followed by 
persons seeking administrative reconsideration of their designation or 
that of a vessel as blocked, or who wish to assert that the 
circumstances resulting in the designation are no longer applicable.

[59 FR 31143, June 17, 1994, as amended at 61 FR 32938, June 26, 1996; 
62 FR 45108, Aug. 25, 1997]