Title 22 — Foreign Relations and IntercourseRelease 119-73

§1642e Claims based on ownership interest in corporations or other legal entities

Title 22 › Chapter CHAPTER 21— - SETTLEMENT OF INTERNATIONAL CLAIMS › Subchapter SUBCHAPTER IV— - CLAIMS AGAINST CZECHOSLOVAKIA › § 1642e

Last updated Apr 6, 2026|Official source

Summary

For claims under section 1642c, owners can get paid or be denied depending on whether the company was a U.S. national when it was taken. If the company was a U.S. national, ownership-based claims are denied. If the company was not a U.S. national, direct owners can claim no matter how big their share was. Indirect owners can claim only if at least 25 percent of the company was owned by U.S. nationals at the time. Any payment is based on the company’s total loss and the claimant’s share of the whole company.

Full Legal Text

Title 22, §1642e

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)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)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)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)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.

Reference

Citations & Metadata

Citation

22 U.S.C. § 1642e

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73