{"identifier":"/us/usc/t50/s4338","title":50,"num":"\u00a7\u202f4338.","heading":"Divestment of estates, trusts, insurance policies, annuities, remainders, pensions, workmen\u2019s compensation and veterans\u2019 benefits; exceptions; notice of divestment","text":"\u00a7\u202f4338.\nDivestment of estates, trusts, insurance policies, annuities, remainders, pensions, workmen\u2019s compensation and veterans\u2019 benefits; exceptions; notice of divestment\n(a)\nIn general\nSubject to the provisions of subsection (b) hereof, all rights and interests of individuals in estates, trusts, insurance policies, annuities, remainders, pensions, workmen\u2019s compensation and veterans\u2019 benefits vested under this chapter after\nDecember 17, 1941\nDecember 31, 1961\nProvided\nDecember 31, 1961\n(b)\nException to requirement where beneficial owner convicted of certain crimes\nNothing contained in this section shall divest or require the divestment of any portion of any such interest the beneficial owner of which is a natural person who has been convicted personally and by name by a court of competent jurisdiction of murder, ill treatment, or deportation for slave labor of prisoners of war, political opponents, hostages, or civilian population in occupied territories, or of murder or ill treatment of military or naval persons, or of plunder or wanton destruction without justified military necessity.\n(c)\nNotice of divestment\nAt the earliest practicable time after the effective date of this Act, the Attorney General shall transmit to the lawful owner or custodian of any interest divested by this section written notice of such divestment.","url":"https://projectusc.org/usc/t50/s4338.html","content":[{"t":"sec","id":"/us/usc/t50/s4338","children":[{"t":"num","text":"\u00a7\u202f4338."},{"t":"heading","text":"Divestment of estates, trusts, insurance policies, annuities, remainders, pensions, workmen\u2019s compensation and veterans\u2019 benefits; exceptions; notice of divestment"},{"t":"subsec","id":"/us/usc/t50/s4338/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"Subject to the provisions of subsection (b) hereof, all rights and interests of individuals in estates, trusts, insurance policies, annuities, remainders, pensions, workmen\u2019s compensation and veterans\u2019 benefits vested under this chapter after ","children":[{"t":"text","text":"December 17, 1941","tail":", which have not become payable or deliverable to or have not vested in possession in the Attorney General prior to "},{"t":"text","text":"December 31, 1961","tail":", are divested: "},{"t":"text","text":"Provided","tail":", That the provisions of this section shall not affect the right of the Attorney General to retain all such property rights and interests and to collect all income which is payable to or vested in possession in him prior to "},{"t":"text","text":"December 31, 1961","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t50/s4338/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Exception to requirement where beneficial owner convicted of certain crimes"},{"t":"content","children":[{"t":"p","text":"Nothing contained in this section shall divest or require the divestment of any portion of any such interest the beneficial owner of which is a natural person who has been convicted personally and by name by a court of competent jurisdiction of murder, ill treatment, or deportation for slave labor of prisoners of war, political opponents, hostages, or civilian population in occupied territories, or of murder or ill treatment of military or naval persons, or of plunder or wanton destruction without justified military necessity.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t50/s4338/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Notice of divestment"},{"t":"content","children":[{"t":"p","text":"At the earliest practicable time after the effective date of this Act, the Attorney General shall transmit to the lawful owner or custodian of any interest divested by this section written notice of such divestment.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}