Code of Federal Regulations (alpha)

CFR /  Title 31  /  Part 560  /  Sec. 560.425 Entities owned by a person whose property and interests

A person whose property and interests in property are blocked pursuant to Sec. 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 Sec. 560.211, regardless of whether the entity itself is designated pursuant to Sec. 560.211.

Note to Sec. 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 Sec. 560.304.