§ 535.414. Payments to blocked accounts under § 535.508.
65 words·~1 min read·
/us/cfr/t31/s§ 535.414·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Section 535.508 does not authorize any transfer from a blocked account within the United States to an account held by any bank outside the United States or any other payment into a blocked account outside the United States.
(b)Section 535.508 only authorizes payment into a blocked account held by a domestic bank as defined by § 535.320. \[44 FR 67617, Nov. 26, 1979\]