2019 US Code
Title 50 - War and National Defense
Chapter 53 - Trading With the Enemy
Sec. 4320 - Payment of income, etc., by Alien Property Custodian

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Citation 50 U.S.C. § 4320 (2019)
Section Name §4320. Payment of income, etc., by Alien Property Custodian
Section Text

The Alien Property Custodian is directed to pay to the person entitled thereto, from and after March 4, 1923, the net income (including dividends, interest, annuities, and other earnings), accruing and collected thereafter, in respect of any money or property held in trust for such person by the Alien Property Custodian or by the Treasurer of the United States for the account of the Alien Property Custodian, under such rules and regulations as the President may prescribe.

Source Credit

(Oct. 6, 1917, ch. 106, §23, as added Mar. 4, 1923, ch. 285, §2, 42 Stat. 1516; amended Mar. 10, 1928, ch. 167, §17, 45 Stat. 275.)

Editorial Notes CODIFICATION

Section was formerly classified to section 23 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

AMENDMENTS

1928—Act Mar. 10, 1928, struck out restriction that no person be paid any amount over $10,000 per annum.

TRANSFER OF FUNCTIONS

Functions vested by law in Alien Property Custodian and Office of Alien Property Custodian transferred to Attorney General by Reorg. Plan No. 1 of 1947, §101, eff. July 1, 1947, 12 F.R. 4534, 61 Stat. 951, set out in the Appendix to Title 5, Government Organization and Employees.

Publication Title United States Code, 2018 Edition, Supplement 1, Title 50 - WAR AND NATIONAL DEFENSE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 50 - WAR AND NATIONAL DEFENSE
CHAPTER 53 - TRADING WITH THE ENEMY
Sec. 4320 - Payment of income, etc., by Alien Property Custodian
Contains section 4320
Date 2019
Laws In Effect As Of Date January 24, 2020
Positive Law No
Disposition standard
Statutes at Large References 42 Stat. 1516
45 Stat. 275
61 Stat. 951
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