Title 31

SECTION 560.425

560.425 Entities owned by a person whose property and interests in property are blocked.

§ 560.425 Entities owned by a person whose property and interests in property are blocked.

A person whose property and interests in property are blocked pursuant to § 560.211 has an interest in all property and interests in property of an entity in which it owns, directly or indirectly, a 50 percent or greater interest. The property and interests in property of such an entity, therefore, are blocked, and such an entity is a person whose property and interests in property are blocked pursuant to § 560.211, regardless of whether the entity itself is designated pursuant to § 560.211.

Note to § 560.425:

This section, which deals with the consequences of ownership of entities, in no way limits the definition of the Government of Iran in § 560.304.

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