[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: 31CFR535.403]



[Page 148]

 

                  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 D_Interpretations

 

Sec. 535.403  Termination and acquisition of an interest of Iran or 

an Iranian entity.



    (a) Whenever a transaction licensed or authorized by or pursuant to 

this part results in the transfer of property (including any property 

interest) away from Iran or an Iranian entity, such property shall no 

longer be deemed to be property in which Iran or an Iranian entity has 

or has had an interest, unless there exists in the property another such 

interest the transfer of which has not been effected pursuant to license 

or other authorization.

    (b) Unless otherwise specifically provided in a license or 

authorization contained in or issued pursuant to this part, if property 

(including any property interest) is transferred to Iran or an Iranian 

interest, such property shall be deemed to be property in which there 

exists an interest of Iran or an Iranian entity.



[45 FR 24433, Apr. 9, 1980]