[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: 31CFR575.326]



[Page 339]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 575_IRAQI SANCTIONS REGULATIONS--Table of Contents

 

                      Subpart C_General Definitions

 

Sec. 575.326  Executory contract.



    The term executory contract means a contract which cannot be 

performed according to its terms until a stated condition has been 

fulfilled, such as a contract which requires the approval of a 

regulatory body before the contracting parties may begin performance.



[61 FR 36628, July 12, 1996]