2013 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 21 - SETTLEMENT OF INTERNATIONAL CLAIMS (§§ 1621 - 1645o)
Subchapter VI - CLAIMS AGAINST GERMAN DEMOCRATIC REPUBLIC (§§ 1644 - 1644m)
Section 1644d - Claims based on ownership interest in or debt or other obligation owing by 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 VI - CLAIMS AGAINST GERMAN DEMOCRATIC REPUBLIC Sec. 1644d - Claims based on ownership interest in or debt or other obligation owing by corporations or other legal entities |
| Contains | section 1644d |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Mar. 10, 1950, ch. 54, title VI, §604, as added Pub. L. 94-542, Oct. 18, 1976, 90 Stat. 2510. |
| Statutes at Large Reference | 90 Stat. 2510 |
| Public Law Reference | Public Law 94-542 |
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A claim under section 1644b of this title based upon an ownership interest in any corporation, association, or other entity which is a national of the United States, shall not be considered. A claim under section 1644b of this title based upon a debt or other obligation owing by any corporation, association, or other entity organized under the laws of the United States, or of any State, the District of Columbia, or the Commonwealth of Puerto Rico shall be considered only when such debt or other obligation is a charge on property which has been nationalized, expropriated, or taken by the German Democratic Republic.
(b) Direct ownershipA claim under section 1644b of this title based upon a direct ownership interest in a corporation, association, or other entity for loss, shall be considered subject to the 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.
(c) Indirect ownershipA claim under section 1644b of this title for losses based upon an indirect ownership interest in a corporation, association, or other entity, shall be considered, subject to the 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) Computation of awardThe amount of any claim covered by subsections (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 at the time of loss bears to the entire ownership interest thereof.
(Mar. 10, 1950, ch. 54, title VI, §604, as added Pub. L. 94–542, Oct. 18, 1976, 90 Stat. 2510.)
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