§ 4135. Claims of stockholders
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/usc/title-50/section-4135A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Ownership interest in entity which is a national of the United States A claim under section 4132 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)Ownership interest in entity which was not a national of the United States on date of loss A claim under section 4132 of this title, based upon a direct ownership interest in a corporation, association, or other entity which suffered a loss within the meaning of said section, shall be allowed, subject to other 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 in any such claim.
(c)Indirect ownership interest; minimum requirement A claim under section 4132 of this title, based upon an indirect ownership interest in a corporation, association, or other entity which suffered a loss within the meaning of said section, 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 loss was vested in nationals of the United States.
(d)Calculation 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.
(July 3, 1948, ch. 826, title II, § 205, as added Pub. L. 87–846, title I, § 103, Oct. 22, 1962, 76 Stat. 1109.)
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- July 3, 1948, ch. 826
- Pub. L. 87–846, title I, § 103
- 76 Stat. 1109
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§ 4135
Claims of stockholders
ActJuly 3, 1948, ch. 826
Pub. L.Pub. L. 87–846, title I, § 103
Stat.76 Stat. 1109
Cites 4Cited by 0 across 0 sources