31 C.F.R. · Money and Finance: Treasury
31 C.F.R. § 535.421

Prior contractual commitments not a basis for licensing.

Title 31 C.F.R. ● ACTIVE Primary Source
Regulatory Text

31 C.F.R. § 535.421 — Prior contractual commitments not a basis for licensing.

§ 535.421 Prior contractual commitments not a basis for licensing. Specific licenses are not issued on the basis that an unlicensed firm commitment or payment has been made in connection with a transaction prohibited by this part. Contractual commitments to engage in transactions subject to the prohibitions of this part should not be made, unless the contract specifically states that the transaction is authorized by general license or that it is subject to the issuance of a specific license. [45 FR 24433, Apr. 9, 1980]

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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31 C.F.R. § 535.421
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The regulatory text of 31 C.F.R. § 535.421 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 31 31 C.F.R. § 535.421