22-U.S.C.-1641J
§1641J – Claims By Corporations Or Other Legal Entities
Pathway
Title 22 > Chapter 21 > Subchapter III > Section 1641j
Details
- Reference: Section 1641j
- Legend: §1641J – Claims By Corporations Or Other Legal Entities
- USCode Year: 2013
Provision Content
(a) If a corporation or other legal entity has a claim on which an award may be made under this subchapter, no award may be made to any other person under this subchapter with respect to such claim.
(b) A claim based upon an interest, direct or indirect, in a corporation or other legal entity which directly suffered the loss with respect to which the claim is asserted, but which was not a national of the United States at the time of the loss, shall be acted upon without regard to the nationality of such legal entity if at the time of the loss at least 25 per centum of the outstanding capital stock or other beneficial interest in such entity was owned, directly or indirectly, by natural persons who were nationals of the United States. This subsection shall not be construed so as to exclude from eligibility a claim based upon a direct ownership interest in a corporation, association, or other entity, or the property thereof, for loss by reason of the nationalization, compulsory liquidation, or other taking of such corporation, association, or other entity by the Governments of Bulgaria, Hungary, Italy, Rumania, or the Soviet Government. Any such claim may be allowed without regard to the per centum of ownership vested in the claimant.
(Mar. 10, 1950, ch. 54, title III, §311, as added Aug. 9, 1955, ch. 645, §3, 69 Stat. 573; amended Pub. L. 85–604, §3(a), Aug. 8, 1958, 72 Stat. 531.)
Amendments
1958—Subsec. (b). Pub. L. 85–604 provided that it shall not be construed so as to exclude from eligibility a claim based upon a direct ownership interest in a corporation, association, or other entity, or the property thereof, for loss by reason of the nationalization, compulsory liquidation, or other taking, and permitted allowance of such claim without regard to the per centum of ownership vested in the claimant.
Reconsideration of Claims
Pub. L. 85–604, §3(b), Aug. 8, 1958, 72 Stat. 531, provided that: Any claim heretofore denied under subsection (b) of section 311 of the International Claims Settlement Act of 1949, as amended [subsec. (b) of this section], prior to the date of enactment of this section [Aug. 8, 1958], shall be reconsidered by the Foreign Claims Settlement Commission solely to redetermine its validity and amount by reason of the amendments made by this section [amending subsec. (b) of this section].
U.S. Encyclopedia of Law Coverage
22-U.S.C.-1641 in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-1641, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
Subchapter III – Claims Against Bulgaria, Hungary, Rumania, Italy, and The Soviet Union in the Legal Encyclopedia: Settlement
In this entry about Subchapter III – Claims Against Bulgaria, Hungary, Rumania, Italy, and The Soviet Union, find legal reference material, bibliographies and premiere content related to settlement in the American Encyclopedia of Law, presenting a comprehensive view of the United States settlement-specific issues, written by authorities in the field.
22-U.S.C.-1631M in the Legal Encyclopedia: International Claims
In this entry about 22-U.S.C.-1631M, find legal reference material, bibliographies and premiere content related to international claims in the American Encyclopedia of Law, presenting a comprehensive view of the United States international claims-specific issues, written by authorities in the field.
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