(a) Whenever a transaction licensed or authorized by or pursuant to this part results in the transfer of property (including any property interest) away from a person whose property and interests in property are blocked pursuant to § 525.201, such property shall no longer be deemed to be property blocked pursuant to § 525.201, unless there exists in the property another interest that is blocked pursuant to § 525.201, the transfer of which has not been effected pursuant to license or other authorization.
(b) Unless otherwise specifically provided in a license or authorization issued pursuant to this part, if property (including any property interest) is transferred or attempted to be transferred to a person whose property and interests in property are blocked pursuant to § 525.201, such property shall be deemed to be property in which such person has an interest and therefore blocked.
source: 89 FR 89483, Nov. 13, 2024, unless otherwise noted.
cite as: 31 CFR 525.403