PRIA Logo™
Take the PRIA Score
Title 50 — War and National DefenseRelease 119-73

§4135 Claims of stockholders

Title 50 › Chapter CHAPTER 51— - WAR CLAIMS › Subchapter SUBCHAPTER II— - TITLE II OF WAR CLAIMS ACT OF 1948 › § 4135

Last updated Apr 6, 2026|Official source

Summary

Deny any section 4132 claim that comes from owning part of a corporation, association, or other entity that was a U.S. national when the loss happened. Allow a direct-ownership claim (subject to other rules in this subchapter) if the entity was not a U.S. national at the time of the loss. Allow an indirect-ownership claim only if at least 25% of the whole entity was owned by U.S. nationals when the loss occurred. If a claim under the allowed rules is paid, the award is based on the entity’s total loss and the claimant gets the share that matches their ownership percentage.

Full Legal Text

Title 50, §4135

War and National Defense — Source: USLM XML via OLRC

(a)A claim under section 4132 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 4132 of this title, based upon a direct ownership interest in a corporation, association, or other entity which suffered a loss within the meaning of said section, shall be allowed, subject to other provisions of this subchapter, if such corporation, association, or other entity on the date of the loss 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 4132 of this title, based upon an indirect ownership interest in a corporation, association, or other entity which suffered a loss within the meaning of said section, 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 loss 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.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Section was formerly classified to section 2017d of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

Reference

Citations & Metadata

Citation

50 U.S.C. § 4135

Title 50 — War and National Defense

Last Updated

Apr 6, 2026

Release point: 119-73