
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC1643d]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
             CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
 
               SUBCHAPTER V--CLAIMS AGAINST CUBA AND CHINA
 
Sec. 1643d. Claims based on ownership interest in or debt or 
        other obligations owing by corporations or other legal entities
        

(a) Nationals of the United States; charge on property

    A claim under section 1643b(a) 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 1643b(a) 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, intervened, or taken by the Government 
of Cuba, or the Chinese Communist regime.

(b) Direct ownership

    A claim under section 1643b(a) of this title based upon a direct 
ownership interest in a corporation, association, or other entity for 
loss shall be considered, subject to the other 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 ownership

    A claim under section 1643b(a) of this title based upon an indirect 
ownership interest in a corporation, association, or other entity for 
loss 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 award

    The amount of any claim covered by 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 at the 
time of loss bears to the entire ownership interest thereof.

(Mar. 10, 1950, ch. 54, title V, Sec. 505, as added Pub. L. 88-666, Oct. 
16, 1964, 78 Stat. 1111; amended Pub. L. 89-262, Sec. 3, Oct. 19, 1965, 
79 Stat. 988; Pub. L. 89-780, Sec. 4, Nov. 6, 1966, 80 Stat. 1365.)


                               Amendments

    1966--Subsec. (a). Pub. L. 89-780 provided for applicability of 
subsection to property nationalized or taken by the Chinese Communist 
regime.
    1965--Subsec. (a). Pub. L. 89-262 authorized consideration of claims 
based on debt or other obligation owing by corporations or other legal 
entities which is a charge on property nationalized, expropriated, 
intervened, or taken by Government of Cuba.
