31 CFR 560.425 : Money And Finance: Treasury (§ 0.101 To Parts 1061-1099) — (Part 500 To Parts 1061-1099) — Regulations Relating To Money And Finance (Continued) (Part 500 To Parts 1061-1099) — Office Of Foreign Assets Control, Department Of The Treasury (Part 500 To Appendix A To Chapter V) — Iranian Transactions And Sanctions Regulations (§ 560.101 To Appendix C To Part 560) — Interpretations (§ 560.401 To § 560.428) — Entities owned by a person whose property and interests in property are blocked.

4 Aug 2016

A person whose property and interests in property are blocked pursuant to § 560.211 has an interest in all property and interests in property of an entity in which it owns, directly or indirectly, 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 § 560.211, regardless of whether the entity itself is designated pursuant to § 560.211.

Note to § 560.425:

This section, which deals with the consequences of ownership of entities, in no way limits the definition of the Government of Iran in § 560.304.

31 CFR 560.425