§1641 Definitions

Summary

The subchapter sets plain meanings for certain words used in its rules. Person means an individual, a business (like a partnership or corporation), an unincorporated group, or a government body. National of the United States means a natural person who is a U.S. citizen or owes permanent allegiance to the United States, or a legal entity organized under U.S. law if natural-person U.S. nationals own directly or indirectly more than 50 per centum of its stock or beneficial interest; it does not include aliens (non‑U.S. citizens). Treaty of peace means the peace treaty signed in Paris on February 10, 1947, that went into force with the United States on September 15, 1947. Memorandum of Understanding means the agreement between the United States and Italy about Italian assets in the U.S. and certain claims of U.S. nationals, signed in Washington, D.C., on August 14, 1947 (61 Stat. 3962). Soviet Government means the Union of Soviet Socialist Republics, its republics, political subdivisions, and territories as they existed on or prior to November 16, 1933. Litvinov Assignment means the November 16, 1933 communications between Maxim Litvinov and President Franklin D. Roosevelt and the earlier assignments by Serge Ughet on August 25, 1933, and November 15, 1933, by which certain Soviet amounts were assigned to the U.S. Government in preparation for settling claims. Russian national includes corporations or business associations formed under the laws of the former Empire of Russia or its successors that were later nationalized, dissolved, had assets taken, or were merged by the Soviet Government. Commission means the Foreign Claims Settlement Commission of the United States, established under Reorganization Plan Numbered 1 of 1954 (68 Stat. 1279). Property means any property, right, or interest.