[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: 31CFR515.302]



[Page 92-93]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 515_CUBAN ASSETS CONTROL REGULATIONS--Table of Contents

 

                      Subpart C_General Definitions

 

Sec. 515.302  National.



    (a) The term national when used with respect to a country shall 

include:

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

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

since the

      



[[Page 93]]



``effective date,'' except persons who were permanent residents of or 

domiciled in that country in the service of the U.S. Government and 

persons whose transactions in that country were authorized by the Office 

of Foreign Assets Control.

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

that, on or since the effective date:

    (i) Was or has been organized under the laws of that country;

    (ii) Had or has had its principal place of business in that country; 

or

    (iii) Was or has been controlled by, or a substantial part of the 

stocks, share, bonds, debentures, notes, drafts, or other securities or 

obligations of which was or has been controlled by, directly or 

indirectly, that country and/or one or more nationals thereof.

    (3) Any organization's office or other sub-unit that is located 

within that country.

    (4) Any person to the extent that such person, on or since the 

``effective date'' was or has been acting or purporting to act directly 

or indirectly for the benefit or on behalf of any national of that 

country.

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

``national'' as defined in this section.

    (b) Persons who travel in Cuba do not become nationals of Cuba 

solely because of such travel.

    (c) 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.



[28 FR 6974, July 9, 1963, as amended at 50 FR 27437, July 3, 1985; 64 

FR 25812, May 13, 1999; 68 FR 14144, Mar. 24, 2003]