Title 31

SECTION 570.406

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

§ 570.406 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 § 570.201 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 § 570.201, regardless of whether the entity itself is listed in the Annex or designated pursuant to Executive Order 13566.

Note to § 570.406:

This section, which deals with the consequences of ownership of entities, in no way limits section 570.304's definition of the term Government of Libya.

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