Browse Arkansas Code titles and sections
50 U.S.C. § 4323 — Allocation of “unallocated interest fund”
Federal law — U.S. Code and appendices · legal_authorities
**(a) Allocation among trusts; basis of allocation** The Alien Property Custodian shall allocate among the various trusts the funds in the “unallocated interest fund” (as defined in [section 4325 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4325&num=0&edition=prelim)). Such allocation shall be based upon the earnings (determined by the Secretary of the Treasury) on the total amounts deposited under [section 4312 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4312&num=0&edition=prelim).
**(b) Payment to persons entitled to distributions** The Alien Property Custodian, when the allocation has been made, is authorized and directed to pay to each person entitled, in accordance with a final decision of a court of the United States or of the District of Columbia, or of an opinion of the Attorney General, to the distribution of any portion of such unallocated interest fund, the amount allocated to his trust, except as provided in subsection (c) of this section.
**(c) Credit against amount invested in certificates** In the case of persons entitled, under paragraph (12), (13), (14), or (16) of subsection (b) of [section 4309 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4309&num=0&edition=prelim), to such return, and in the case of persons who would be entitled to such return thereunder if all such money or property had not been returned under paragraph (9) or (10) of such subsection, and in the case of persons entitled to such return under subsection (n) of [section 4309 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4309&num=0&edition=prelim), an amount equal to the aggregate amount allocated to the
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 4323
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 55c0d702aea7bf745489493383da2ecfd261992a06fb2e7d57dd2b8e8826965a. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_09b96872936a4a78bdd00d4e
Source file: Laws/federal/codes/united-states-code/title-50/section-4323-allocation-of-unallocated-interest-fund--32cef7dfd5.md
Pages: Not recorded – Not recorded
Passage SHA-256: 7fb16cbbc36f6c37b0bdd12ca635527e7fbf51e4ec9b52ecdbdcce070aee4bef
Source location: Title 50, Chapter 53, § 4323; chapter-053-trading-with-the-enemy.md
Stored source content
**(a) Allocation among trusts; basis of allocation** The Alien Property Custodian shall allocate among the various trusts the funds in the “unallocated interest fund” (as defined in [section 4325 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4325&num=0&edition=prelim)). Such allocation shall be based upon the earnings (determined by the Secretary of the Treasury) on the total amounts deposited under [section 4312 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4312&num=0&edition=prelim).
**(b) Payment to persons entitled to distributions** The Alien Property Custodian, when the allocation has been made, is authorized and directed to pay to each person entitled, in accordance with a final decision of a court of the United States or of the District of Columbia, or of an opinion of the Attorney General, to the distribution of any portion of such unallocated interest fund, the amount allocated to his trust, except as provided in subsection (c) of this section.
**(c) Credit against amount invested in certificates** In the case of persons entitled, under paragraph (12), (13), (14), or (16) of subsection (b) of [section 4309 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4309&num=0&edition=prelim), to such return, and in the case of persons who would be entitled to such return thereunder if all such money or property had not been returned under paragraph (9) or (10) of such subsection, and in the case of persons entitled to such return under subsection (n) of [section 4309 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4309&num=0&edition=prelim), an amount equal to the aggregate amount allocated to their trusts shall be credited against the sum of $25,000,000 invested in participating certificates under paragraph (1) of subsection (b) of [section 4322 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4322&num=0&edition=prelim). If the aggregate amount so allocated is in excess of $25,000,000, an amount equal to the excess shall be invested in the same manner. Upon the repayment of any of the amounts so invested, under the provisions of section 4 of the Settlement of War Claims Act of 1928, the amount so repaid shall be distributed pro rata among such persons, notwithstanding any receipts or releases given by them.
**(d) Availability of unallocated interest fund** The unallocated interest fund shall be available for carrying out the provisions of this section, including the expenses of making the allocation.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter, the term “unallocated interest fund” means the sum of (1) the earnings and profits accumulated prior to March 4, 1923, and attributable to investments and reinvestments under [section 4312 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4312&num=0&edition=prelim) by the Secretary of the Treasury, plus (2) the earnings and profits accumulated on or after March 4, 1923, in respect of the earnings and profits referred to in clause (1) of this section.
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 4325
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Any person not an enemy or ally of enemy claiming any interest, right, or title in any money or other property which may have been conveyed, transferred, assigned, delivered, or paid to the Alien Property Custodian or seized by him hereunder and held by him or by the Treasurer of the United States, or to whom any debt may be owing from an enemy or ally of enemy whose property or any part thereof shall have been conveyed, transferred, assigned, delivered, or paid to the Alien Property Custodian or seized by him hereunder and held by him or by the Treasurer of the United States may file with the said custodian a notice of his claim under oath and in such form and containing such particulars as the said custodian shall require; and the President, if application is made therefor by the claimant, may order the payment, conveyance, transfer, assignment, or delivery to said claimant of the money or other property so held by the Alien Property Custodian or by the Treasurer of the United States, or of the interest therein to which the President shall determine said claimant is entitled: Provided, That no such order by the President shall bar any person from the prosecution of any suit at law or in equity against the claimant to establish any right, title, or interest which he may have in such money or other property. If the President shall not so order within sixty days after the filing of such application or if the claimant shall have filed the notice as above required and shall have made no application to the President, said claimant may institute a suit in equity in the United States District Court for the District of Columbia or in the district court of the United States for the district in which such claimant resides, or, if a corporation, where it has it
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 4309
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
All moneys (including checks and drafts payable on demand) paid to or received by the alien property custodian pursuant to this chapter shall be deposited forthwith in the Treasury of the United States, and may be invested and reinvested by the Secretary of the Treasury in United States bonds or United States certificates of indebtedness, under such rules and regulations as the President shall prescribe for such deposit, investment, and sale of securities; and as soon after the end of the war as the President shall deem practicable, such securities shall be sold and the proceeds deposited in the Treasury.
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 4312
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority to invest; limitation on amount; credit against investment**
(1) The Alien Property Custodian is authorized and directed to invest, from time to time upon the request of the Secretary of the Treasury, out of the funds held by the Alien Property Custodian or by the Treasurer of the United States for the Alien Property Custodian, an amount not to exceed $40,000,000 in the aggregate, in one or more participating certificates issued by the Secretary of the Treasury in accordance with the provisions of this section.
(2) When in the case of any trust written consent under subsection (m) of [section 4309 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4309&num=0&edition=prelim) has been filed, an amount equal to the portion of such trust the return of which is temporarily postponed under such subsection shall be credited against the investment made under paragraph (1) of this subsection. If the total amount so credited is in excess of the amount invested under paragraph (1) of this subsection, the excess shall be invested by the Alien Property Custodian in accordance with the provisions of this subsection, without regard to the $40,000,000 limitation in paragraph (1). If the amount invested under paragraph (1) of this subsection is in excess of the total amount so credited, such excess shall, from time to time on request of the Alien Property Custodian, be paid to him out of the funds in the German special deposit account created by section 4 of the Settlement of War Claims Act of 1928, and such payments shall have priority over any payments therefrom other than the payments under paragraph (1) of subsection (c) of such section (relating to expenses of administration).
**(b) Investments out of unallocated interest f
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 4322
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 1085
TITLE 50—WAR AND NATIONAL DEFENSE
§ 4323
the investment by the Alien Property Custodian
under subsection (b). All such certificates shall
evidence a participating interest, in accordance
with, and subject to the priorities of, the provi-
sions of section 4 of the Settlement of War
Claims Act of 1928, in the funds in the German
special deposit account created by such section,
except that—
(1) The United States shall assume no liabil-
ity, directly or indirectly, for the payment of
any such certificates, or of the interest thereon,
except out of funds in such special deposit ac-
count available therefor, and all such certifi-
cates shall so state on their face; and
(2) Such certificates shall not be transferable,
except that the Alien Property Custodian may
transfer any such participating certificate evi-
dencing the interest of a substantial number of
the owners of the money invested, to a trustee
duly appointed by such owners.
(f) Allocation of amounts among persons filing
written consents; payment
Any amount of principal or interest paid to
the Alien Property Custodian in accordance
with the provisions of subsection (c) of section 4
of the Settlement of War Claims Act of 1928
shall be allocated pro rata among the persons
filing written consents under subsection (m) of
section 4309 of this title, and the amounts so al-
located shall be paid to such persons. If any per-
son to whom any amount is payable under this
subsection has died (or if, in the case of a part-
nership, association, or other unincorporated
body of individuals, or a corporation, its exist-
ence has terminated), payment shall be made to
the persons determined by the Alien Property
Custodian to be entitled thereto.
(g) Transfers of money and proceeds of property
owne
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 4323
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.