31 C.F.R. Subpart C—General Definitions
Title 31 - Money and Finance: Treasury
The term foreign country also includes, but not by way of limitation: (a) The state and the government of any such territory on or after the “effective date” as well as any political subdivision, agency, or instrumentality thereof or any territory, dependency, colony, protectorate, mandate, dominion, possession or place subject to the jurisdiction thereof, (b) Any other government (including any political subdivision, agency, or instrumentality thereof) to the extent and only to the extent that such government exercises or claims to exercise control, authority, jurisdiction or sovereignty over territory which on the “effective date” constituted such foreign country, (c) Any person to the extent that such person is, or has been, or to the extent that there is reasonable cause to believe that such person is, or has been, since the “effective date,” acting or purporting to act directly or indirectly for the benefit or on behalf of any of the foregoing, and (d) Any territory which on or since the “effective date” is controlled or occupied by the military, naval or police forces or other authority of such foreign country. (a) The term national when used with respect to a country shall include: (1) A subject or citizen of that country or any person who has been domiciled in or a permanent resident of that country at any time on or since the “effective date,” except persons who were permanent residents of or domiciled in that country in the service of the U.S. Government and persons whose transactions in that country were authorized by the Office of Foreign Assets Control. (2) Any partnership, association, corporation, or other organization that, on or since the effective date: (i) Was or has been organized under the laws of that country; (ii) Had or has had its principal place of business in that country; or (iii) Was or has been controlled by, or a substantial part of the stocks, share, bonds, debentures, notes, drafts, or other securities or obligations of which was or has been controlled by, directly or indirectly, that country and/or one or more nationals thereof. (3) Any organization's office or other sub-unit that is located within that country. (4) Any person to the extent that such person, on or since the “effective date” was or has been acting or purporting to act directly or indirectly for the benefit or on behalf of any national of that country. (5) Any other person who there is reasonable cause to believe is a “national” as defined in this section. (b) Persons who travel in Cuba do not become nationals of Cuba solely because of such travel. (c) The Secretary of the Treasury retains full power to determine that any person is or shall be deemed to be a “national” within the meaning of this section, and to specify the foreign country of which such person is or shall be deemed to be a national. [28 FR 6974, July 9, 1963, as amended at 50 FR 27437, July 3, 1985; 64 FR 25812, May 13, 1999; 68 FR 14144, Mar. 24, 2003] (a) Any person who by virtue of any provision in this chapter is a national of more than one foreign country shall be deemed to be a national of each of such foreign countries. (b) In any case in which a person is a national of two or more designated foreign countries, as defined in this chapter, a license or authorization with respect to nationals of one of such designated foreign countries shall not be deemed to apply to such person unless a license or authorization of equal or greater scope is outstanding with respect to nationals of each other designated foreign country of which such person is a national. (c) In any case in which the combined interests of two or more designated foreign countries, as defined in this chapter, and/or nationals thereof are sufficient in the aggregate to constitute control or ownership of 25 per centum or more of the stock, shares, bonds, debentures, notes, drafts, or other securities or obligations of a partnership, association, corporation or other organization, but such control or a substantial part of such stock, shares, bonds, debentures, notes, drafts, or other securities or obligations is not held by any one such foreign country and/or national thereof, such partnership, association, corporation or other organization shall be deemed to be a national of each of such foreign countries. For the purposes of this part, the term designated national shall mean Cuba and any national thereof including any person who is a specially designated national. (a) The term specially designated national shall mean: (1) Any person who is determined by the Secretary of the Treasury to be a specially designated national, (2) Any person who on or since the “effective date” has acted for or on behalf of the Government or authorities exercising control over a designated foreign country, or (3) Any partnership, association, corporation or other organization which on or since the “effective date” has been owned or controlled directly or indirectly by the Government or authorities exercising control over a designated foreign country or by any specially designated national. (b) [Reserved] Note to §515.306: Please refer to the appendices at the end of this chapter for listings of persons designated pursuant to this part. Section 501.807 of this chapter sets forth the procedures to be followed by persons seeking administrative reconsideration of their designation or that of a vessel as blocked, or who wish to assert that the circumstances resulting in the designation are no longer applicable. [28 FR 6974, July 9, 1963, as amended at 61 FR 32938, June 26, 1996; 62 FR 45106, Aug. 25, 1997] Any person licensed pursuant to §515.505 licensed as an unblocked national shall, while so licensed, be regarded as a person within the United States who is not a national of any designated foreign country: Provided, however, That the licensing of any person as an unblocked national shall not be deemed to suspend in any way the requirements of any section of this chapter relating to reports, or the production of books, documents, and records specified therein. [28 FR 6974, July 9, 1963, as amended at 54 FR 5233, Feb. 2, 1989] The term person means an individual, partnership, association, corporation, or other organization. The phrase transactions which involve property in which a designated foreign country, or any national thereof, has any interest of any nature whatsoever, direct or indirect, includes, but not by way of limitation: (a) Any payment or transfer to such designated foreign country or national thereof, (b) Any export or withdrawal from the United States to such designated foreign country, and (c) Any transfer of credit, or payment of an obligation, expressed in terms of the currency of such designated foreign country. The term transfer shall mean any actual or purported act or transaction, whether or not evidenced by writing, and whether or not done or preformed within the United States, the purpose, intent, or effect of which is to create, surrender, release, transfer, or alter, directly or indirectly, any right, remedy, power, privilege, or interest with respect to any property and without limitation upon the foregoing shall include the making, execution, or delivery of any assignment, power, conveyance, check, declaration, deed, deed of trust, power of attorney, power of appointment, bill of sale, mortgage, receipt, agreement, contract, certificate, gift, sale, affidavit, or statement; the appointment of any agent, trustee, or other fiduciary; the creation or transfer of any lien; the issuance, docketing, filing, or the levy of or under any judgment, decree, attachment, execution, or other judicial or administrative process or order, or the service of any garnishment; the acquisition of any interest of any nature whatsoever by reason of a judgment or decree of any foreign country; the fulfillment of any condition, or the exercise of any power of appointment, power of attorney, or other power. (a) Except as defined in §515.203(f) for the purposes of that section the terms property and property interest or property interests shall include, but not by way of limitation, money, checks, drafts, bullion, bank deposits, savings accounts, debts, indebtedness obligations, notes, debentures, stocks, bonds, coupons, and other financial securities, bankers' acceptances, mortgages, pledges, liens or other rights in the nature of security, warehouse receipts, bills of lading, trust receipts, bills of sale, any other evidences of title, ownership or indebtedness, powers of attorney, goods, wares, merchandise, chattels, stocks on hand, ships, goods on ships, real estate mortgages, deeds of trust, vendors' sales agreements, land contracts, real estate and any interest therein, leaseholds, ground rents, options, negotiable instruments, trade acceptances, royalties, book accounts, accounts payable, judgments, patents, trademarks, copyrights, contracts or licenses affecting or involving patents, trademarks or copyrights, insurance policies, safe deposit boxes and their contents, annuities, pooling agreements, contracts of any nature whatsoever, services, and any other property, real, personal, or mixed, tangible or intangible, or interest or interests therein, present, future or contingent. (b) As used in §515.208, the term property means any property (including patents, copyrights, trademarks, and any other form of intellectual property), whether real, personal, or mixed, and any present, future, or contingent right, security, or other interest therein, including any leasehold interest. [28 FR 6974, July 9, 1963, as amended at 50 FR 27437, July 3, 1985; 56 FR 49847, Oct. 2, 1991; 61 FR 37386, July 18, 1996] The term interest when used with respect to property shall mean an interest of any nature whatsoever, direct or indirect. (a) The phrase property subject to the jurisdiction of the United States includes, without limitation, securities, whether registered or bearer, issued by: (1) The United States or any State, district, territory, possession, county, municipality, or any other subdivision or agency or instrumentality of any thereof; or (2) Any person with the United States whether the certificate which evidences such property or interest is physically located within or outside the United States. (b) The phrase property subject to the jurisdiction of the United States also includes, without limitation, securities, whether registered or bearer, by whomsoever issued, if the instrument evidencing such property or interest is physically located within the United States. The term banking institution shall include any person engaged primarily or incidentally in the business of banking, of granting or transferring credits, or of purchasing or selling foreign exchange or procuring purchases and sellers thereof, as principal or agent, or any person holding credits for others as a direct or incidental part of his business, or any broker; and, each principal, agent, home office, branch or correspondent of any person so engaged shall be regarded as a separate “banking institution.” Except as otherwise specified, the term license shall mean any license or authorization contained in or issued pursuant to this part. A general license is any license or authorization the terms of which are set forth in this part. A specific license is any license or authorization issued pursuant to this part but not set forth in this part. [28 FR 6974, July 9, 1963; 28 FR 7427, July 20, 1963] The term blocked account shall mean an account in which any designated national has an interest, with respect to which account payments, transfers or withdrawals or other dealings may not be made or effected except pursuant to an authorization or license authorizing such action. The term blocked account shall not be deemed to include accounts of unblocked nationals. [28 FR 6974, July 9, 1963; 28 FR 7427, July 20, 1963] The term domestic bank shall mean any branch or office within the United States of any of the following which is not a national of a designated foreign country; any bank or trust company incorporated under the banking laws of the United States or any State, territory, or district of the United States, or any private bank or banker subject to supervision and examination under the banking laws of the United States or of any State, territory or district of the United States. The Secretary of the Treasury may also authorize any other banking institution to be treated as a “domestic bank” for the purpose of this definition or for the purpose of any or all sections of this part. The term United States means the United States and all areas under the jurisdiction or authority thereof, including the Trust Territory of the Pacific Islands. The term continental United States means the States of the United States and the District of Columbia. [49 FR 27144, July 2, 1984] (a) The term authorized trade territory includes all countries, including any colony, territory, possession, or protectorate, except those countries subject to sanctions pursuant to this chapter. The term does not include the United States. (b) The term member of the authorized trade territory shall mean any of the foreign countries or political subdivisions comprising the authorized trade territory. [43 FR 51762, Nov. 7, 1978, as amended at 60 FR 54195, Oct. 20, 1995] The term occupied area shall mean any territory occupied by a designated foreign country which was not occupied by such country prior to the “effective date” of this part. The term national securities exchange shall mean an exchange registered as a national securities exchange under section 6 of the Securities Exchange Act of 1934 (48 Stat. 885, 15 U.S.C. 78f). Safe deposit boxes shall be deemed to be in the custody not only of all persons having access thereto but also of the lessors of such boxes whether or not such lessors have access to such boxes. The foregoing shall not in any way be regarded as a limitation upon the meaning of the term custody. The term blocked estate of a decedent shall mean any decedent's estate in which a designated national has an interest. A person shall be deemed to have an interest in a decedent's estate if he: (a) Was the decedent; (b) Is a personal representative; or (c) Is a creditor, heir, legatee, devisee, distributee, or beneficiary. The term person subject to the jurisdiction of the United States includes: (a) Any individual, wherever located, who is a citizen or resident of the United States; (b) Any person within the United States as defined in §515.330; (c) Any corporation, partnership, association, or other organization organized under the laws of the United States or of any State, territory, possession, or district of the United States; and (d) Any corporation, partnership, association, or other organization, wherever organized or doing business, that is owned or controlled by persons specified in paragraphs (a) or (c) of this section.] [50 FR 27437, July 3, 1985, as amended at 68 FR 14145, Mar. 24, 2003] (a) The term person within the United States, includes: (1) Any person, wheresoever located, who is a resident of the United States; (2) Any person actually within the United States; (3) Any corporation, partnership, association, or other organization organized under the laws of the United States or of any State, territory, possession, or district of the United States; and (4) Any corporation, partnership, association, or other organization, wherever organized or doing business, which is owned or controlled by any person or persons specified in paragraphs (a)(1) or (a)(3) of this section. (b) [Reserved] [28 FR 6974, July 9, 1963, as amended at 68 FR 14145, Mar. 24, 2003] The term merchandise means all goods, wares and chattels of every description without limitation of any kind. (a) For purposes of this part, the term information and informational materials means: (1) Publications, films, posters, phonograph records, photographs, microfilms, microfiche, tapes, compact disks, CD ROMs, artworks, news wire feeds, and other information and informational articles. (2) To be considered informational materials, artworks must be classified under Chapter subheading 9701, 9702, or 9703 of the Harmonized Tariff Schedule of the United States. (b) The term information and informational materials does not include items: (1) That would be controlled for export pursuant to section 5 of the Export Administration Act of 1979, 50 U.S.C. App. 2401–2420 (1993) (the “EAA”), or section 6 of the EAA to the extent that such controls promote nonproliferation of antiterrorism policies of the United States, including “software” that is not “publicly available” as these terms are defined in 15 CFR parts 779 and 799.1 (1994); or (2) With respect to which acts are prohibited by 18 U.S.C. chapter 37. [60 FR 39256, Aug. 2, 1995] The term depository institution means any of the following: (a) An insured bank as defined in section 3 of the Federal Deposit Insurance Act; (b) An insured institution as defined in section 408(a) of the National Housing Act; (c) An insured credit union as defined in section 101 of the Federal Credit Union Act; or (d) Any other institution that is carrying on banking activities pursuant to a charter from a Federal or state banking authority. [57 FR 53997, Nov. 16, 1992] As used in §515.208, the term United States national means: (a) Any United States citizen; or (b) Any other legal entity which is organized under the laws of the United States, or of any State, the District of Columbia, or any commonwealth, territory, or possession of the United States, and which has its principal place of business in the United States. [61 FR 37386, July 18, 1996] As used in §515.208, the term permanent resident alien means an alien lawfully admitted for permanent residence into the United States. [61 FR 37386, July 18, 1996] As used in §515.208, the term confiscated refers to: (a) The nationalization, expropriation, or other seizure by the Cuban Government of ownership or control of property, on or after January 1, 1959: (1) Without the property having been returned or adequate and effective compensation provided; or (2) Without the claim to the property having been settled pursuant to an international claims settlement agreement or other mutually accepted settlement procedure; and (b) The repudiation by the Cuban Government of, the default by the Cuban Government on, or the failure of the Cuban Government to pay, on or after January 1, 1959: (1) A debt of any enterprise which has been nationalized, expropriated, or otherwise taken by the Cuban Government; (2) A debt which is a charge on property nationalized, expropriated, or otherwise taken by the Cuban Government; or (3) A debt which was incurred by the Cuban Government in satisfaction or settlement of a confiscated property claim. [61 FR 37386, July 18, 1996]
Title 31: Money and Finance: Treasury
PART 515—CUBAN ASSETS CONTROL REGULATIONS
Subpart C—General Definitions
§ 515.301 Foreign country.
§ 515.302 National.
§ 515.303 Nationals of more than one foreign country.
§ 515.305 Designated national.
§ 515.306 Specially designated national.
§ 515.307 Unblocked national.
§ 515.308 Person.
§ 515.309 Transactions.
§ 515.310 Transfer.
§ 515.311 Property; property interests.
§ 515.312 Interest.
§ 515.313 Property subject to the jurisdiction of the United States.
§ 515.314 Banking institution.
§ 515.316 License.
§ 515.317 General license.
§ 515.318 Specific license.
§ 515.319 Blocked account.
§ 515.320 Domestic bank.
§ 515.321 United States; continental United States.
§ 515.322 Authorized trade territory; member of the authorized trade territory.
§ 515.323 Occupied area.
§ 515.325 National securities exchange.
§ 515.326 Custody of safe deposit boxes.
§ 515.327 Blocked estate of a decedent.
§ 515.329 Person subject to the jurisdiction of the United States.
§ 515.330 Person within the United States.
§ 515.331 Merchandise.
§ 515.332 Information and informational materials.
§ 515.333 Depository institution.
§ 515.334 United States national.
§ 515.335 Permanent resident alien.
§ 515.336 Confiscated.
