31 CFR 541.404 - Transactions incidental to a licensed transaction authorized.

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§ 541.404 Transactions ordinarily incident to a licensed transaction.

(a) Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:

(1) An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to § 541.201(a); or

(2) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property.

(b) Example. A license authorizing a person to complete a securities sale involving Company A, whose property and interests in property are blocked pursuant to § 541.201(a), also authorizes other persons to engage in activities that are ordinarily incident and necessary to complete the sale, including transactions by the buyer, broker, transfer agents, and banks, provided that such other persons are not themselves persons whose property and interests in property are blocked pursuant to § 541.201(a).

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

U.S. Code: Title 3 - THE PRESIDENT

§ 301 - General authorization to delegate functions; publication of delegations

U.S. Code: Title 31 - MONEY AND FINANCE

§ 321 - General authority of the Secretary

U.S. Code: Title 50 - WAR AND NATIONAL DEFENSE

§ 1601 - Termination of existing declared emergencies

§ 1621 - Declaration of national emergency by President; publication in Federal Register; effect on other laws; superseding legislation

§ 1622 - National emergencies

§ 1631 - Declaration of national emergency by Executive order; authority; publication in Federal Register; transmittal to Congress

§ 1641 - Accountability and reporting requirements of President

§ 1651 - Other laws, powers and authorities conferred thereby, and actions taken thereunder; Congressional studies