§ 1642e. — Claims based on ownership interest in corporations or other legal entities.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC1642e]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
SUBCHAPTER IV--CLAIMS AGAINST CZECHOSLOVAKIA
Sec. 1642e. Claims based on ownership interest in corporations
or other legal entities
(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, Sec. 406, as added Pub. L. 85-604,
Sec. 1, Aug. 8, 1958, 72 Stat. 529.)
