CFR > Title 31 - Money and Finance: Treasury > SUBTITLE B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY (parts 501 to 598) > PART 515—CUBAN ASSETS CONTROL REGULATIONS > SUBPART E—Licenses, Authorizations, and Statements of Licensing Policy (§515.501 to §515.578) > 515.549—Bank accounts and other property of non-Cuban citizens who were in Cuba on or after July 8, 1963.

515.549—Bank accounts and other property of non-Cuban citizens who were in Cuba on or after July 8, 1963.

(a) Citizens of foreign countries. Specific licenses are issued unblocking the accounts and other property of non-Cuban citizens who have left Cuba, provided that they submit evidence satisfactorily demonstrating that they have established residence in a foreign country in the authorized trade territory.
(b) Decedents who died in Cuba on or after July 8, 1963. Specific licenses are issued authorizing the administration of the estates of non-Cuban decedents who died in Cuba, provided that any distribution to a blocked national of Cuba is made by deposit in a blocked account in a domestic bank in the name of the blocked national.

Code of Federal Regulations

[39 FR 25318, July 10, 1974]