2016 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 21 - Settlement of International Claims
Subchapter II - Vesting and Liquidation of Bulgarian, Hungarian, and Rumanian Property
Sec. 1631l - Determination of expenses and time for filing suit, notice of claim and debt claim

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Citation 22 U.S.C. § 1631l (2016)
Section Name §1631l. Determination of expenses and time for filing suit, notice of claim and debt claim
Section Text

Prior to covering the net proceeds of liquidation of any property into the Treasury pursuant to section 1631a(a) of this title, the designee of the President under this subchapter shall determine—

(1) the amount of his administrative expenses attributable to the performance of his functions under this subchapter with respect to such property and the proceeds thereof. The amount so determined, together with an amount not exceeding that expended or incurred for the conservation, preservation, or maintenance of such property and the proceeds thereof, and for taxes in respect of same, shall be deducted and retained by the designee from the proceeds otherwise covered into the Treasury; and

(2) that the time for the institution of a suit under section 1631f(a) of this title, for the filing of a notice of claim under section 1631f(b) of this title, and for the filing of debt claims under section 1631g of this title has elapsed.


The determinations of the designee under this section shall be final and conclusive.

Source Credit

(Mar. 10, 1950, ch. 54, title II, §213, as added Aug. 9, 1955, ch. 645, §3, 69 Stat. 570.)

Publication Title United States Code, 2012 Edition, Supplement 4, 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 II - VESTING AND LIQUIDATION OF BULGARIAN, HUNGARIAN, AND RUMANIAN PROPERTY
Sec. 1631l - Determination of expenses and time for filing suit, notice of claim and debt claim
Contains section 1631l
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 69 Stat. 570
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