Page:United States Statutes at Large Volume 45 Part 1.djvu/323

 272 SEVENTIETH CONGRESS. SESS. I. CH. 167. 1928. Subject to license, which has been licensed, or in respect of which any contract has been etc. entered into, or which is subject to any lien or encumbrance, shall Appli cati on to pa t- be returned subject to the license, contract, lien, or encumbrance. ants of Austrians and "(k) Except as provided in section 27, paragraphs (12) to (22), Hungarians . both inclusive, of subsection (b) of this section shall apply to the proceeds received from the sale, license, or other disposition of any patent, trade-mark, print, label, copyright, or right therein or claim thereto, conveyed, transferred, assigned, or delivered to the Alien Property Custodian, or seized by him . cr aofcourt to be paid . " (1) This section shall apply to royalties paid to the Alien Prop- Vol.40, p. 421. erty Custodian, in accordance with a judgment or decree in a suit Exception . brought under subsection (f) of section 10 ; but shall not apply to any other money paid to the Alien Property Custodian under sec- New subsections. tion 10 ." Vol . 42, p. 1515, SEC . 14. Section 9 of the Trading with the Enemy Act, as amended, amended . is amended by adding at th e end thereof the following new sub- Returns to Germans, sections : etc ., onl y on filing con- (m) No money or other property shall be returned under para- sent to 20 per cent tem- porary postponement . graph (12), (13), (14), or of subsection b or under subsection ) 61 ortoth t(16) tid) ud bi (gr (n) ( oe ener en p rovi dene r su sect on (p ), unless the person entitled thereto files a written consent to a postpone- ment of the return of an amount equal to 20 per centum of the aggregate value of such money or other property (at the time, as nearly as may be, of the return), as determined by the Alien Property Custodian, and the investment of such amount in accordance with the provisions of section 25 . Such amount shall be deducted from the money to be returned to such person, so far as possible, and the bal- ance shall be deducted from the proceeds of the sale of so much of the property as may be necessary, unless such person pays the balance to the Alien Property Custodian, except that no property shall be so sold prior to the expiration of six years from the date of the enactment of the Settlement of War Claims Act of 1928 without the consent of the person entitled thereto. The amounts so deducted shall be returned to the persons entitled thereto as provided in subsection (f) of section 25. The sale of any such property shall be made in accordance with the provisions of section 12, except that the provi- sions of such section relating to sales or resales to, or for the benefit of, citizens of the United States shall not be applicable. If such aggregate value of the money or other property to be returned under paragraph (12), (13), (14), or (16) of subsection (b) or under sub- section (g) is less than $2,000, then the written consent shall not be required and the money or other property shall be returned in full without the temporary retention and investment of 20 per centum thereof. "(n) In the case of property consisting of stock or other interest in any corporation, association, company, or trust, or of bonded or other indebtedness thereof, evidenced by certificates of stock or by bonds or by other certificates of interest therein or indebtedness thereof, or consisting of dividends or interest or other accruals thereon, where the right, title, and interest in the property (but not the actual certificate or bond or other certificate of interest or indebt- edness) was conveyed, transferred, assigned, delivered, or paid to the Alien Property Custodian, or seized by him, if the President deter- mines that the owner thereof or of any interest therein has acquired such ownership by assignment, transfer, or sale of such certificate or bond or other certificate of interest or indebtedness, (it being the intent of this subsection that such assignment, transfer, or sale shall not be deemed invalid hereunder by reason of such conveyance, transfer, assignment, delivery, or payment to the Alien Property Amou nt to be de- ducted from money, pro ceed s of sale s of property, etc. Ret urn of r etain ed amo unt. Ante, p. 269. Provisions for sales of property. If a re turn less than $2,0 00, no reduction consent required. Return to owner, by assignment, of securi- ties, etc ., rig hts to which, but not actual transfer, conveyed to Custodian. Reco gniti on of as- signment, etc.

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