Section 546.403 - Termination and acquisition of an interest in blocked property(a) Whenever a transaction licensed or authorized by or pursuant to this part results in the transfer of property (including any property interest) away from a person whose property and interests in property are blocked pursuant to § 546.201 , such property shall no longer be deemed to be property blocked pursuant to § 546.201 , unless there exists in the property another interest that is blocked pursuant to § 546.201 , the transfer of which has not been effected pursuant to license or other authorization.(b) Unless otherwise specifically provided in a license or authorization issued pursuant to this part, if property (including any property interest) is transferred or attempted to be transferred to a person whose property and interests in property are blocked pursuant to § 546.201 , such property shall be deemed to be property in which that person has an interest and therefore blocked. 74 FR 25432 , May 28, 2009, as amended at 89 FR 15748 , Mar. 5, 2024 74 FR 25432 , 5/28/2009, as amended at 89 FR 15748 , 3/5/2024