31 CFR 535.902 - Set-offs by U.S. owned or controlled firms abroad.
§ 535.902
Set-offs by U.S. owned or controlled firms abroad.
(a)
Branches and subsidiaries in foreign countries of persons subject to the jurisdiction of the United States are licensed to set-off their claims against Iran or Iranian entities by debit to blocked accounts held by them for Iran or Iranian entities.
(c)
For purposes of this section, set-offs include combinations of accounts and any similar actions.
(Secs. 201-207, 91 Stat. 1626,
50 U.S.C. 1701-170
6; E.O. 12170, 44 FR 65729; E.O. 12205, 45 FR 24099; E.O. 12211, 45 FR 26685; E.O. 12276, 46 FR 7913; E.O. 12279, 46 FR 7919; E.O. 12280, 46 FR 7921; E.O. 12281, 46 FR 7923; E.O. 12282, 46 FR 7925; E.O. 12283, 46 FR 7927, and E.O. 12294, 46 FR 14111)
[46 FR 14337, Feb. 26, 1981]
Title 31 published on 2012-07-01
no entries appear in the Federal Register after this date.
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