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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. § 1643d Claims based on ownership interest in or debt or other obligations owing by corporations or other legal entities us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 21 SETTLEMENT OF INTERNATIONAL CLAIMS 1643d 22 U.S.C. § 1643d 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/s1643d data/legal/raw/us/code/title-22/usc22.xml 98bbdd4d7a51a2f8422021c74c7df822614a9869044ac64b8a1221fa04f58013 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 09857556fcbee88139ec76e5d03e8150b1b83498dd5f7e8d3efefbc86f9a2f22 2026-07-04 official
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22 U.S.C. § 1643d - Claims based on ownership interest in or debt or other obligations owing by corporations or other legal entities

Text

(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, § 505, as added Pub. L. 88666, Oct. 16, 1964, 78 Stat. 1111; amended Pub. L. 89262, § 3, Oct. 19, 1965, 79 Stat. 988; Pub. L. 89780, § 4, Nov. 6, 1966, 80 Stat. 1365.)

Notes

Editorial Notes

Amendments1966—Subsec. (a). Pub. L. 89780 provided for applicability of subsection to property nationalized or taken by the Chinese Communist regime. 1965—Subsec. (a). Pub. L. 89262 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.