Section 555.403 - Termination and acquisition of an interest in blocked property(a) Whenever a transaction licensed or authorized by or pursuant to this part results in the transfer of property (including any property interest) away from a person whose property and interests in property are blocked pursuant to § 555.201 , such property shall no longer be deemed to be property blocked pursuant to § 555.201 , unless there exists in the property another interest that is blocked pursuant to § 555.201 , the transfer of which has not been effected pursuant to license or other authorization.(b) Unless otherwise specifically provided in a license or authorization issued pursuant to this part, if property (including any property interest) is transferred or attempted to be transferred to a person whose property and interests in property are blocked pursuant to § 555.201 , such property shall be deemed to be property in which such person has an interest and therefore blocked. 85 FR 7223, 2/7/2020; 88 FR 52028, 8/7/2023