Code of Federal Regulations (alpha)

CFR /  Title 31  /  Part 591  /  Sec. 591.406 Entities owned by persons whose property and interests

Persons whose property and interests in property are blocked pursuant to Sec. 591.201 have an interest in all property and interests in property of an entity in which such blocked persons own, whether individually or in the aggregate, 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 Sec. 591.201, regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).