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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 1642e Claims based on ownership interest in corporations or other legal entities us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 21 SETTLEMENT OF INTERNATIONAL CLAIMS 1642e 22 U.S.C. § 1642e current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s1642e data/legal/raw/us/code/title-22/usc22.xml 3d486cd03817bec33c5f0e07152be0c3da8258e95f6a2e446e37dd7b8411d5dc b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 eb0d882b648bc68b4e0a147759d668fc9a6394ec4d9f985ba23cf1e265d902cd 2026-07-04 official
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22 U.S.C. § 1642e - Claims based on ownership interest in corporations or other legal entities

Text

(a) Nationals of United States A claim under section 1642c of this title, based upon an ownership interest in any corporation, association, or other entity which is a national of the United States shall be denied.

(b) Direct ownership A claim under section 1642c of this title, based upon a direct ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, shall be allowed, subject to other provisions of this subchapter, if such corporation, association, or other entity on the date of the nationalization or other taking was not a national of the United States, without regard to the per centum of ownership vested in the claimant in any such claim.

(c) Indirect ownership A claim under section 1642c of this title, based upon an indirect ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, shall be allowed, subject to other provisions of this subchapter, only if at least 25 per centum of the entire ownership interest thereof at the time of such nationalization or other taking was vested in nationals of the United States.

(d) Computation of award Any award on a claim under 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 bears to the entire ownership interest thereof.

(Mar. 10, 1950, ch. 54, title IV, § 406, as added Pub. L. 85604, § 1, Aug. 8, 1958, 72 Stat. 529.)