50 U.S.C. § 4325 — ‘‘Unallocated interest fund’’ defined

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 reclassi- fication and renumbering as this section. 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. § 4325. ‘‘Unallocated interest fund’’ defined 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 reinvest- ments under section 4312 of this title by the Sec- retary 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. (Oct. 6, 1917, ch. 106, § 28, as added Mar. 10, 1928, ch. 167, § 15, 45 Stat. 274.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this Act’’, meaning act Oct. 6, 1917, ch. 106, 40 Stat. 411, known as the Trading with the enemy Act, also known as the Trading with the Enemy Act, which is classified principally to this chapter. For complete classification of this Act to the Code, see section 4301 of this title and Tables. CODIFICATION Section was formerly classified to section 28 of the former Appendix to this title prior to editorial reclassi- fication and renumbering as this section. § 4326. Waiver by Custodian of demand for prop- erty; acceptance of less amount; approval of Attorney General (a) Waiver of demand for conveyance of prop- erty; acceptance of less amount Where the Alien Property Custodian has made demand or requirement for the conveyance, transfer, assignment, delivery, or payment to him of any money or other property of any enemy or ally of enemy (whether or not suit or proceeding for the enforcement thereof has been begun and whether or not any judgment or de- cree in respect thereof has been made or en- tered) and where the whole or any part of such money or other property would, if conveyed, transferred, assigned, delivered, or paid to him, be returnable under any provision of this chap- ter, the Alien Property Custodian may, in his discretion, and on such terms and conditions as he may prescribe, waive such demand or require- ment, or accept in full satisfaction of such de- mand, requirement, judgment, or decree, a less amount than that demanded or required by him. (b) Approval of Attorney General; holding of amount for investment The Alien Property Custodian shall not make any such waiver or compromise except with the approval of the Attorney General; nor (if any part of such money or property would be return- able only upon the filing of the written consent required by subsection (m) of section 4309 of this title) unless, after compliance with the terms and conditions of such waiver or compromise, the Alien Property Custodian or the Treasurer of the United States will hold (in respect of such enemy or ally of enemy) for investment as pro- vided in section 4322 of this title, an amount equal to 20 per centum of the sum of (1) the value of the money or other property held by the Alien Property Custodian or the Treasurer of the United States at the time of such waiver or compromise, plus (2) the value of the money or other property to which the Alien Property Cus- todian would be entitled under such demand or requirement if the waiver or compromise had not been made. (c) Waiver of demand where property interest not vested prior to March 10, 1928 Where the Alien Property Custodian has made demand or requirement for the conveyance,