Us Code § 4320 - Payment of income, etc., by Alien Property Custodian
Full text of Us Code United States Code § 4320 — Payment of income, etc., by Alien Property Custodian, with citation guidance and answers to common questions.
§ 4320. Payment of income, etc., by Alien Property Custodian
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.
(Oct. 6, 1917, ch. 106, §23, as added Mar. 4, 1923, ch. 285, §2, 42 Stat. 1516; amended Mar. 10, 1928, ch. 167, §17, 45 Stat. 275.)
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.
About This Section
50 U.S.C. § 4320 is part of Title 50 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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