22 USC § 1643d - Claims based on ownership interest in or debt or other obligations owing by corporations or other legal entities

---
identifier: "/us/usc/t22/s1643d"
source: "usc"
legal_status: "official_prima_facie"
title: "22 USC § 1643d - Claims based on ownership interest in or debt or other obligations owing by corporations or other legal entities"
title_number: 22
title_name: "FOREIGN RELATIONS AND INTERCOURSE"
section_number: "1643d"
section_name: "Claims based on ownership interest in or debt or other obligations owing by corporations or other legal entities"
chapter_number: 21
chapter_name: "SETTLEMENT OF INTERNATIONAL CLAIMS"
subchapter_number: "V"
subchapter_name: "CLAIMS AGAINST CUBA AND CHINA"
positive_law: false
currency: "119-84"
last_updated: "2026-03-26"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Mar. 10, 1950, ch. 54, title V, § 505, as added Pub. L. 88–666, Oct. 16, 1964, 78 Stat. 1111; amended Pub. L. 89–262, § 3, Oct. 19, 1965, 79 Stat. 988; Pub. L. 89–780, § 4, Nov. 6, 1966, 80 Stat. 1365.)"
---


# § 1643d. Claims based on ownership interest in or debt or other obligations owing by corporations or other legal entities

**(a)** **Nationals of the United States; charge on property** section 1643b(a) of this titlesection 1643b(a) of this title

A claim under  based upon an ownership interest in any corporation, association, or other entity which is a national of the United States shall not be considered. A claim under  based upon a debt or other obligation owing by any corporation, association, or other entity organized under the laws of the United States, or of any State, the District of Columbia, or the Commonwealth of Puerto Rico shall be considered, only when such debt or other obligation is a charge on property which has been nationalized, expropriated, intervened, or taken by the Government of Cuba, or the Chinese Communist regime.

**(b)** **Direct ownership** section 1643b(a) of this title

A claim under  based upon a direct ownership interest in a corporation, association, or other entity for loss shall be considered, subject to the other provisions of this subchapter, if such corporation, association, or other entity on the date of the loss was not a national of the United States, without regard to the per centum of ownership vested in the claimant.

**(c)** **Indirect ownership** section 1643b(a) of this title

A claim under  based upon an indirect ownership interest in a corporation, association, or other entity for loss shall be considered, subject to the other provisions of this subchapter, only if at least 25 per centum of the entire ownership interest thereof at the time of such loss was vested in nationals of the United States.

**(d)** **Computation of award** The amount of any claim covered by subsection (b) or (c) of this section shall be calculated on the basis of the total loss suffered by such corporation, association, or other entity, and shall bear the same proportion to such loss as the ownership interest of the claimant at the time of loss bears to the entire ownership interest thereof.

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**Source Credit**: (Mar. 10, 1950, ch. 54, title V, § 505, as added Pub. L. 88–666, Oct. 16, 1964, 78 Stat. 1111; amended Pub. L. 89–262, § 3, Oct. 19, 1965, 79 Stat. 988; Pub. L. 89–780, § 4, Nov. 6, 1966, 80 Stat. 1365.)

## Editorial Notes

### Amendments

1966—Subsec. (a).  provided for applicability of subsection to property nationalized or taken by the Chinese Communist regime.

1965—Subsec. (a).  authorized consideration of claims based on debt or other obligation owing by corporations or other legal entities which is a charge on property nationalized, expropriated, intervened, or taken by Government of Cuba.