[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR500.302]



[Page 14-15]

 

                  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. 500.302  National.



    (a) The term national shall include:

    (1) A subject or citizen of a country or any person who has been 

domiciled in or a permanent resident of that country at any time on or 

since the ``effective date,'' except persons who were resident or 

domiciled there in the service of the U.S. Government.

    (2) Any partnership, association, corporation, or other 

organization, organized under the laws of, or which on or since the 

``effective date'' had or has had its principal place of business in a 

foreign country, or which on or since such effective date was or has 

been controlled by, or a substantial part of the stock, shares, bonds, 

debentures, notes, drafts, or other securities or obligations of which, 

was or has been owned or controlled by, directly or indirectly, a 

foreign country and/or one



[[Page 15]]



or more nationals thereof as defined in this section.

    (3) Any person to the extent that such person is, or has been, since 

the ``effective date'' acting or purporting to act directly or 

indirectly for the benefit or on behalf of any national of a foreign 

country.

    (4) Any other person who there is reasonable cause to believe is a 

``national'' as defined in this section.

    (b) The Secretary of the Treasury retains full power to determine 

that any person is or shall be deemed to be a ``national'' within the 

meaning of this section, and to specify the foreign country of which 

such person is or shall be deemed to be a national.



[17 FR 5343, June 12, 1952, as amended at 50 FR 27436, July 3, 1985]