(c)
All copyrights vested in the Alien Property Custodian or the Attorney General under the provisions of this Act [sections
1 to
6,
7 to
39, and
41 to
44 of this Appendix] subsequent to December 17, 1941, which have not been returned or otherwise disposed of under this Act [said sections], except copyrights vested by vesting orders 128 (7 F.R. 7578), 13111 (14 F.R. 1730), 14349 (15 F.R. 1575), 17366 (16 F.R. 2483), and 17952 (16 F.R. 6162) and copyrights vested with respect to the motion picture listed last in exhibit A of vesting order 11803, as amended (13 F.R. 5167, 15 F.R. 1626), are hereby divested as a matter of grace, effective the ninety-first day after the date of enactment of this section [Oct. 22, 1962], and the persons entitled thereto shall on that day succeed to the rights, privileges, and obligations arising out of such copyrights, subject, however, to—
(1)
the rights of licensees under licenses issued by the Alien Property Custodian or the Attorney General in respect of such copyrights;
(2)
the rights of assignees under assignments by the Alien Property Custodian or the Attorney General of interests in such licenses; and
(3)
the right retained by the United States to reproduce, for its own use, or exhibit any divested copyrighted motion picture films.
The rights and interests remaining in the Attorney General under licenses issued by him or by the Alien Property Custodian in respect to copyrights divested hereunder are hereby transferred, effective the day of divestment, to the persons entitled to such copyrights: Provided, That all unpaid royalties or other income accrued in favor of the Attorney General under such licenses prior to the day of divestment shall be paid by the licensees to the Attorney General.
(d)
All rights or interests vested in the Alien Property Custodian or the Attorney General under the provisions of this Act [sections
1 to
6,
7 to
39, and
41 to
44 of this Appendix] subsequent to December 17, 1941, arising out of prevesting contracts entered into with respect to copyrights, except—
(1)
royalties or other income received by or accrued in favor of the Alien Property Custodian or the Attorney General under such contracts;
(2)
rights or interests which have been returned or otherwise disposed of under this Act [sections
1 to
6,
7 to
39, and
41 to
44 of this Appendix]; and
(3)
rights or interests vested by vesting orders 128 (7 F.R. 7578), 13111 (14 F.R. 1730), 14349 (15 F.R. 1575), and 17366 (16 F.R. 2483),
are hereby divested as a matter of grace, effective the ninety-first day after the date of enactment of this section [Oct. 22, 1962], and the persons entitled to such rights or interests shall succeed thereto, subject to the right of the Attorney General to collect and receive all unpaid royalties or other income accrued in his favor under such prevesting contracts prior to the day of divestment.