§ 1644d. — Claims based on ownership interest in or debt or other obligation owing by corporations or other legal entities.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC1644d]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
SUBCHAPTER VI--CLAIMS AGAINST GERMAN DEMOCRATIC REPUBLIC
Sec. 1644d. Claims based on ownership interest in or debt or
other obligation owing by corporations or other legal entities
(a) Nationals of the United States; charge on property
A claim under section 1644b of this title 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
section 1644b of this title 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, or taken by the German Democratic Republic.
(b) Direct ownership
A claim under section 1644b of this title based upon a direct
ownership interest in a corporation, association, or other entity for
loss, shall be considered subject to the 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
A claim under section 1644b of this title for losses based upon an
indirect ownership interest in a corporation, association, or other
entity, 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 subsections (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.
(Mar. 10, 1950, ch. 54, title VI, Sec. 604, as added Pub. L. 94-542,
Oct. 18, 1976, 90 Stat. 2510.)
