Section 583.403 - 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 § 583.201 , such property shall no longer be deemed to be property blocked pursuant to § 583.201 , unless there exists in the property another interest that is blocked pursuant to § 583.201 , 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 § 583.201 , such property shall be deemed to be property in which such person has an interest and therefore blocked. 83 FR 30541, 6/29/2018; 89 FR 17731, 3/12/2024