C.F.R. » Title 31 » CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › PART 560—IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS › Subpart D—Interpretations

31 C.F.R. § 560.425

Entities owned by one or more persons whose property and interests in property are blocked

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(a) Persons whose property and interests in property are blocked pursuant to § 560.211 have an interest in all property and interests in property of an entity in which such persons directly or indirectly own, whether individually or in the aggregate, 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 identified as a person whose property and interests in property are blocked pursuant to § 560.211.

(b) 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.

[87 FR 78477, Dec. 21, 2022]
Notes of Decisions
Cited in 2 cases, 2016–2017 · leading case: Kirschenbaum v. 650 Fifth Avenue, 257 F. Supp. 3d 463 (S.D.N.Y. 2017).
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Kirschenbaum v. 650 Fifth Avenue, 257 F. Supp. 3d 463 (S.D.N.Y. 2017). “57 See 31 C.F.R. § 560.425 ; Kirschenbaum, 830 F.”
Kirschenbaum v. 650 Fifth Avenue & Related Props. (2d Cir. 2016). “See 31 C.F.R. § 560.425 (stating that, if person whose assets are blocked pursuant to § 560.”
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