31 CFR § 570.411 - Entities owned by one or more persons whose property and interests in property are blocked.

---
identifier: "/us/cfr/t31/s570.411"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 570.411 - Entities owned by one or more persons whose property and interests in property are blocked."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "570.411"
section_name: "Entities owned by one or more persons whose property and interests in property are blocked."
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"
---


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

(a) Persons whose property and interests in property are blocked pursuant to § 570.201 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 § 570.201, regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).

(b) This section, which deals with the consequences of ownership of entities, in no way limits the definition of the Government of Libya in § 570.305, which includes within its definition other persons whose property and interests in property are blocked but who are not on the SDN List.