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LegalText 50 U.S.C. § 4320 Payment of income, etc., by Alien Property Custodian us united_states_code code_section 50 WAR AND NATIONAL DEFENSE 53 TRADING WITH THE ENEMY 4320 50 U.S.C. § 4320 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc50@119-100.zip /us/usc/t50/s4320 data/legal/raw/us/code/title-50/usc50.xml 6de825d51aa0a32e36fecd54bb6dbc5b055228ad017353c3eafb722b603e00b1 708c288b5448617cab7b03b8011860274671c9aec56686858b910a06948cd7ac 47dd6789ce84a71dbba100a903ccafa3fb2b7b6b99c03a5a7073a0699eaf061d 2026-07-04 official
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50 U.S.C. § 4320 - Payment of income, etc., by Alien Property Custodian

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.

(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.)

Notes

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.

Amendments1928—Act Mar. 10, 1928, struck out restriction that no person be paid any amount over $10,000 per annum.

Executive Documents

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.