§ 515.515. Transfers of securities to blocked accounts in domestic banks.
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/us/cfr/t31/s§ 515.515·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Transactions ordinarily incident to the transfer of securities from a blocked account in the name of any person to a blocked account in the same name in a domestic bank are hereby authorized provided such securities shall not be transferred from any blocked account if such transfer represents, directly or indirectly, a transfer of the interest of a designated national to any other country or person.
(b)This section does not authorize the transfer of securities held in a blocked account or subaccount thereof to a blocked account or subaccount under any name or designation which differs from the name or designation of the specific blocked account or subaccount in which such securities were held. \[32 FR 10847, July 25, 1967\]