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50 U.S.C. § 4325 — “Unallocated interest fund” defined
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.
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Stable record: federal_law:legal_authorities:record_usc_1e81730d7bf18bfed0d17d03
Source file: Laws/federal/codes/united-states-code/title-50/section-4325-unallocated-interest-fund-defined--2cae92b643.md
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Source location: Title 50, Chapter 53, § 4325; chapter-053-trading-with-the-enemy.md
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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.
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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
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Federal law — U.S. Code and appendices · legal_authorities
This chapter shall be known as the “Trading with the enemy 11 So in original. Act.”
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 4301
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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
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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
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Federal law — U.S. Code and appendices · legal_authorities
Page 1086
TITLE 50—WAR AND NATIONAL DEFENSE
§ 4324
tion, including the expenses of making the allo-
cation.
(Oct. 6, 1917, ch. 106, § 26, as added Mar. 10, 1928,
ch. 167, § 15, 45 Stat. 273; amended June 11, 1929,
ch. 14, 46 Stat. 6.)
Editorial Notes
REFERENCES IN TEXT
Section 4 of the Settlement of War Claims Act of 1928,
referred to in subsec. (c), is section 4 of act Mar. 10,
1928, ch. 167, 45 Stat. 260, which is not classified to the
Code.
CODIFICATION
Section was formerly classified to section 26 of the
former Appendix to this title prior to editorial reclassi-
fication and renumbering as this section.
AMENDMENTS
1929—Subsec. (a). Act June 11, 1929, struck out ‘‘aver-
age rate of’’ before ‘‘earnings’’ in second sentence.
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 Ap-
pendix to Title 5, Government Organization and Em-
ployees.
§ 4324. Return by Custodian, to United States, of
payments under licenses, assignments or
sales of patents
The Alien Property Custodian is authorized
and directed to return to the United States any
consideration paid to him by the United States
under any license, assignment, or sale by the
Alien Property Custodian to the United States
of any patent (or any right therein or claim
thereto, and including an application therefor
and any patent issued pursuant to any such ap-
plication).
(Oct. 6, 1917, ch. 106, § 27, as added Mar. 10, 1928,
ch. 167, § 15, 45 Stat. 274.)
Editorial Notes
CODIFICATION
Section was formerly classified to section 27 of the
former Appendix to this title prior to editorial
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 4325
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