31 CFR § 570.403 - Termination and acquisition of an interest in blocked property.

---
identifier: "/us/cfr/t31/s570.403"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 570.403 - Termination and acquisition of an interest in blocked property."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "570.403"
section_name: "Termination and acquisition of an interest in blocked property."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "570"
part_name: "LIBYAN SANCTIONS REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601  1701  22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13566, 76 FR 11315, 3 CFR, 2011 Comp., p. 222; E.O. 13726, 81 FR 23559, 3 CFR, 2016 Comp., p. 454."
regulatory_source: "87 FR 59678, Oct. 3, 2022, unless otherwise noted."
cfr_part: "570"
---


# 570.403 Termination and acquisition of an interest in blocked property.

(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 any person whose property and interests in property are blocked pursuant to § 570.201, such property shall no longer be deemed to be property blocked pursuant to § 570.201, unless there exists in the property another interest that is blocked pursuant to § 570.201, 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 § 570.201, such property shall be deemed to be property in which such person has an interest and therefore blocked.