31 CFR § 585.403 - Termination and acquisition of an interest in blocked property.

---
identifier: "/us/cfr/t31/s585.403"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 585.403 - Termination and acquisition of an interest in blocked property."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "585.403"
section_name: "Termination and acquisition of an interest in blocked property."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "585"
part_name: "HONG KONG-RELATED 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  Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 13936, 85 FR 43413, 3 CFR, 2020 Comp., p. 399."
regulatory_source: "At 86 FR 3794, Jan. 15, 2021, unless otherwise noted."
cfr_part: "585"
---


# 585.403 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 a person whose property and interests in property are blocked pursuant to § 585.201, such property shall no longer be deemed to be property blocked pursuant to § 585.201, unless there exists in the property another interest that is blocked pursuant to § 585.201, 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 § 585.201, such property shall be deemed to be property in which such person has an interest and therefore blocked.