§1644d Claims based on ownership interest in or debt or other obligation owing by corporations or other legal entities

Summary

Sets rules for when claims based on owning part of, or lending to, a business can be reviewed. Claims based on ownership in a company that is a U.S. national will not be reviewed. Claims based on a debt owed by a company organized under U.S., State, District of Columbia, or Puerto Rico law will be reviewed only if that debt was a charge on property that was nationalized, expropriated, or taken by the German Democratic Republic. A direct-ownership loss claim will be reviewed if the company was not a U.S. national on the date of the loss, no matter how large the claimant’s share was. An indirect-ownership loss claim will be reviewed only if U.S. nationals owned at least 25% of the company at the time of the loss. Any approved claim is figured from the company’s total loss, multiplied by the claimant’s ownership share at the time of the loss.