22 U.S.C. § 1642e — Claims based on ownership interest in corporations or other legal entities

FEDERAL · 22 U.S.C. · Chapter 21

Claims based on ownership interest in corporations or other legal entities

Current through Pub. L. 119-102

Title 22 — Foreign Relations and Intercourse·Ch. 21 — SETTLEMENT OF INTERNATIONAL CLAIMS·Subch. IV

(a)Nationals of United States A claim under section 1642c of this title, based upon an ownership interest in any corporation, association, or other entity which is a national of the United States shall be denied.

(b)Direct ownership A claim under section 1642c of this title, based upon a direct ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, shall be allowed, subject to other provisions of this subchapter, if such corporation, association, or other entity on the date of the nationalization or other taking was not a national of the United States, without regard to the per centum of ownership vested in the claimant in any such claim.

(c)In

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Nationals of United States
A claim under section 1642c of this title, based upon an ownership interest in any corporation, association, or other entity which is a national of the United States shall be denied.
(b) Direct ownership
A claim under section 1642c of this title, based upon a direct ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, shall be allowed, subject to other provisions of this subchapter, if such corporation, association, or other entity on the date of the nationalization or other taking was not a national of the United States, without regard to the per centum of ownership vested in the claimant in any such claim.
(c) Indirect ownership
A claim under section 1642c of this title, based upon an indirect ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, shall be allowed, subject to other provisions of this subchapter, only if at least 25 per centum of the entire ownership interest thereof at the time of such nationalization or other taking was vested in nationals of the United States.
(d) Computation of award
Any award on a claim under subsection (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 bears to the entire ownership interest thereof.

22 U.S.C. § 1642e (Claims based on ownership interest in corporations or other legal entities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Mar. 10, 1950, ch. 54, title IV, §406, as added Pub. L. 85–604, §1, Aug. 8, 1958, 72 Stat. 529.)

Related

Source Credit

History