Title 50, War and National DefenseRelease 119-102
§4320 Payment of Income, Etc., by Alien Property Custodian
Title 50 › CHAPTER 53 — TRADING WITH THE ENEMY › § 4320
Summary
From March 4, 1923, the Alien Property Custodian must pay entitled persons the net income, including dividends, interest and annuities, from money or property held for them, under rules the President sets.
Full Legal Text
Title 50, §4320
War and National Defense, Source: USLM XML via OLRC
The Alien Property Custodian is directed to pay to the person entitled thereto, from and after March 4, 1923, the net income (including dividends, interest, annuities, and other earnings), accruing and collected thereafter, in respect of any money or property held in trust for such person by the Alien Property Custodian or by the Treasurer of the United States for the account of the Alien Property Custodian, under such rules and regulations as the President may prescribe.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was formerly classified to section 23 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.
Amendments
1928—Act Mar. 10, 1928, struck out restriction that no person be paid any amount over $10,000 per annum.
Executive Documents
Transfer of Functions
Functions vested by law in Alien Property Custodian and Office of Alien Property Custodian transferred to Attorney General by Reorg. Plan No. 1 of 1947, § 101, eff. July 1, 1947, 12 F.R. 4534, 61 Stat. 951, set out in the Appendix to Title 5, Government Organization and Employees.
Reference
Citations & Metadata
Citation
50 U.S.C. § 4320
Title 50, War and National Defense
Last Updated
Aug 21, 2026
Release point: 119-102