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The Commission shall complete its affairs in connection with settlement of United States-Yugoslav claims arising under the Yugoslav Claims Agreement of 1948 not later than December 31, 1954::
Provided, That nothing in this provision shall be construed to limit the life of the Commission, or its authority to act on future agreements which may be effected under the provisions of this legislation.
Sec. 7.
( A )
Subject to the limitations hereinafter provided, the Secretary of the Treasury is authorized and directed to pay, as prescribed by Section 8 of this Title, an amount not exceeding the principal of each award, plus accrued interests on such awards as bear interest, certified pursuant to Section 5 of this Title, in accordance with the award.
Such payments, and applications for such payments, shall be made in accordance with such regulations as the Secretary of the Treasury may prescribe.
( B )
There shall be deducted from the amount of each payment made pursuant to subsection ( C ) of Section 8, as reimbursement for the expenses incurred by the United States, an amount equal to 5 per centum of such payment.
All amounts so deducted shall be covered into the Treasury to the credit of miscellaneous receipts.
( C )
Payments made pursuant to this Title shall be made only to the person or persons on behalf of whom the award is made, except that -- ( 1 )
if such person is deceased or is under a legal disability, payment shall be made to his legal representative: Provided, That if the total award is not over $500 and there is no qualified executor or administrator, payment may be made to the person or persons found by the Comptroller General of the United States to be entitled thereto, without the necessity of compliance with the requirements of law with respect to the administration of estates ; ;
( 2 )
in the case of a partnership or corporation, the existence of which has been terminated and on behalf of which an award is made, payment shall be made, except as provided in paragraphs ( 3 ) and ( 4 ), to the person or persons found by the Comptroller General of the United States to be entitled thereto ; ;
( 3 )
if a receiver or trustee for any such partnership or corporation has been duly appointed by a court of competent jurisdiction in the United States and has not been discharged prior to the date of payment, payment shall be made to such receiver or trustee in accordance with the order of the court ; ;
( 4 )
if a receiver or trustee for any such partnership or corporation, duly appointed by a court of competent jurisdiction in the United States, makes an assignment of the claim, or any part thereof, with respect to which an award is made, or makes an assignment of such award, or any part thereof, payment shall be made to the assignee, as his interest may appear ; ;
and ( 5 )
in the case of any assignment of an award, or any part thereof, which is made in writing and duly acknowledged and filed, after such award is certified to the Secretary of the Treasury, payment may, in the discretion of the Secretary of the Treasury, be made to the assignee, as his interest may appear.
( D )
Whenever the Secretary of the Treasury, or the Comptroller General of the United States, as the case may be, shall find that any person is entitled to any such payment, after such payment shall have been received by such person, it shall be an absolute bar to recovery by any other person against the United States, its officers, agents, or employees with respect to such payment.
( E )
Any person who makes application for any such payment shall be held to have consented to all the provisions of this Title.
( F )

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