2013 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 21 - SETTLEMENT OF INTERNATIONAL CLAIMS (§§ 1621 - 1645o)
Subchapter IV - CLAIMS AGAINST CZECHOSLOVAKIA (§§ 1642 - 1642p)
Section 1642e - Claims based on ownership interest in corporations or other legal entities
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 21 - SETTLEMENT OF INTERNATIONAL CLAIMS SUBCHAPTER IV - CLAIMS AGAINST CZECHOSLOVAKIA Sec. 1642e - Claims based on ownership interest in corporations or other legal entities |
| Contains | section 1642e |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Mar. 10, 1950, ch. 54, title IV, §406, as added Pub. L. 85-604, §1, Aug. 8, 1958, 72 Stat. 529. |
| Statutes at Large Reference | 72 Stat. 529 |
| Public Law Reference | Public Law 85-604 |
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A claim under section 1642c 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) Direct ownershipA claim under section 1642c of this title, based upon a direct ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, shall be allowed, subject to other provisions of this subchapter, if such corporation, association, or other entity on the date of the nationalization or other taking 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 ownershipA claim under section 1642c of this title, based upon an indirect ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, 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 nationalization or other taking was vested in nationals of the United States.
(d) Computation of awardAny 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.
(Mar. 10, 1950, ch. 54, title IV, §406, as added Pub. L. 85–604, §1, Aug. 8, 1958, 72 Stat. 529.)
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