[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: 31CFR535.215]



[Page 141-142]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 535_IRANIAN ASSETS CONTROL REGULATIONS--Table of Contents

 

                         Subpart B_Prohibitions

 

Sec. 535.215  Direction involving other properties in which Iran or an 



Iranian entity has an interest held by any person subject to the 

jurisdiction of the 

          United States.



    (a) Except as provided in paragraphs (b) and (c) of this section, 

all persons subject to the jurisdiction of the United States in 

possession or control of properties, as defined in Sec. 535.333 of this 

part, not including funds and securities owned by Iran or its agencies, 

instrumentalities or controlled entities, are licensed, authorized, 

directed and compelled to transfer such properties held on January 18, 

1981 as directed after that day by the Government of Iran, acting 

through its authorized agent. Such directions shall include arrangements 

for payment of the costs of transporting the properties, unless the 

possessors of the properties were required to pay such costs by contract 

or applicable law on January 19, 1981. Except where specifically stated, 

this license, authorization and direction does not relieve persons 

subject to the jurisdiction of the United States from existing legal 

requirements other than those based upon the International Emergency 

Economic Powers Act.

    (b) Any properties subject to a valid attachment, injunction or 

other like proceeding or process not affected by Sec. 535.218 need not 

be transferred as otherwise required by this section.

    (c) Notwithstanding paragraph (a) of this section, persons subject 

to the jurisdiction of the United States, including agencies, 

instrumentalities and entities controlled by the Government of Iran, who 

have possession, custody or control of blocked tangible property covered 

by Sec. 535.201, shall not transfer



[[Page 142]]



such property without a specific Treasury license, if the export of such 

property requires a specific license or authorization pursuant to the 

provisions of any of the following acts, as amended, or regulations in 

force with respect to them: the Export Administration Act, 50 U.S.C. 

App. 2403, et seq., the Aims Export Control Act, 22 U.S.C. 2751, et 

seq., the Atomic Energy Act, 42 U.S.C. 2011, et seq., or any other act 

prohibiting the export of such property, except as licensed.



(Secs. 201-207, 91 Stat. 1626, 50 U.S.C. 1701-1706; E.O. 12170, 44 FR 

65729; E.O. 12205, 45 FR 24099; E.O. 12211, 45 FR 26685; E.O. 12276, 46 

FR 7913; E.O. 12279, 46 FR 7919; E.O. 12280, 46 FR 7921; E.O. 12281, 46 

FR 7923; E.O. 12282, 46 FR 7925; E.O. 12283, 46 FR 7927, and E.O. 12294, 

46 FR 14111)



[46 FR 14334, Feb. 26, 1981, as amended at 46 FR 26477, May 13, 1981; 49 

FR 21322, May 21, 1984; 66 FR 38554, July 25, 2001]