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 551—SOMALIA SANCTIONS REGULATIONS > SUBPART C—General Definitions (§551.301 to §551.311) > 551.305—Licenses; general and specific.

551.305—Licenses; general and specific.

(a) Except as otherwise specified, the term license means any license or authorization contained in or issued pursuant to this part.
(b) The term general license means any license or authorization the terms of which are set forth in subpart E of this part.
(c) The term specific license means any license or authorization not set forth in subpart E of this part but issued pursuant to this part.

Code of Federal Regulations

Note to § 551.305 : See § 501.801 of this chapter on licensing procedures.