[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: 31CFR537.413]



[Page 188]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 537_BURMESE SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec.  537.413  Sale of interest in economic development projects in Burma.



    The sale to a foreign person of a U.S. person's equity or income 

interest in a development project in Burma constitutes facilitation of 

that foreign person's investment in Burma, unless pursuant to a pre-May 

21, 1997 agreement. Such a sale, however, is authorized by general 

license under Sec.  537.524.