31 C.F.R. § 589.412
Current through September 30, 2024
The prohibitions in § 589.205(b) apply to projects owned 33 percent or more, or to projects in which a majority of voting interests are held, individually or in the aggregate, by one or more persons subject to § 589.205 , their property, or their interests in property, including entities owned 50 percent or more by one or more persons subject to § 589.205 .
Example 1 to § 589.412 : If two entities that are each subject to § 589.205 each hold a 20 percent ownership interest in Project X, or together own a majority of the voting interests in Project X, then the prohibition in § 589.205(b) applies to Project X.
31 C.F.R. §589.412