§ 587.404. Transactions ordinarily incident to a licensed transaction.
77 words·~1 min read·
/us/cfr/t31/s§ 587.404·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:
(a)An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to § 587.201; or
(b)An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property.