
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: 22USC1644d]

 
               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
        

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

    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 ownership

    A 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 ownership

    A 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 award

    The 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, Sec. 604, as added Pub. L. 94-542, 
Oct. 18, 1976, 90 Stat. 2510.)
