[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR515.407]



[Page 103]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 515_CUBAN ASSETS CONTROL REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec.  515.407  Administration of blocked estates of decedents.



    Section 515.201 prohibits all transactions incident to the 

administration of the blocked estate of a decedent, including the 

appointment and qualification of personal representatives, the 

collection and liquidation of assets, the payment of claims, and 

distribution to beneficiaries. Attention is directed to Sec.  515.523 

which authorizes certain transactions in connection with the 

administration of blocked estates of decedents, and Sec.  515.522 which 

authorizes the unblocking by specific license of estate assets to 

certain heirs under certain circumstances.



[28 FR 6974, July 9, 1963, as amended at 54 FR 5234, Feb. 2, 1989; 64 FR 

25812, May 13, 1999]