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" The controlling interest in a corporation shall not be deemed to be owned by citizens of the United States (a) if the title to a majority of the stock thereof is not vested in such citizens free from any trust or fiduciary obligation in favor of any person... "
Code of Federal Regulations - Page 192
1967
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The Regulated Ocean Shipping Industry: A Report of the U.S. Department of ...

United States. Department of Justice, Craig W. Conrath - Merchant marine - 1977 - 519 pages
...necessary to constitute a quorum are noncitizens and the corporation itself is organized under the laws of the United States or of a State, Territory, District,...citizens of the United States shall be 75 per centum. (b) The'controlling interest in a corporation shall not be deemed to be owned by citizens of the United...
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Antitrust Exemptions and Immunities: Hearing Before the Subcommittee on ...

United States. Congress. House. Committee on the Judiciary. Subcommittee on Monopolies and Commercial Law - Antitrust law - 1977 - 1907 pages
...necessary to constitute a qcorum nre noncitizens and the corporation itself is organized under the laws of the United States or of a State, Territory, District, or possession thereof, but in the case of n corporation, association, or partnership operating any vessel in the coastwise trade the amount of...
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Outer Continental Shelf Lands Act Amendments of 1978: Conference Report to ...

United States. Congress - Continental shelf - 1978 - 161 pages
...interest of therein owned by citizens of the United States. Seventy-live per centum of the interest in the corporation shall not be deemed to be owned by citizens of the United States — (A } if the title to 75 per centum of its stock is not vested in such citizens free from any trust or fiduciary obligation...
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Departments of State, Justice, and Commerce, the Judiciary, and ..., Volume 4

United States. Congress. House. Committee on appropriations. Subcommittee on Departments of State, Justice, Commerce, the Judiciary, and Related Agencies Appropriations - United States - 1979
...interest of therein owned by citizens of the United States. Seventy-five per centum of the interest in the corporation shall not be deemed to be owned by citizens of the United States — (A) if the title to 75 per centum of its stock is not vested in such citizens free from any trust or fiduciary obligation...
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Foreign Investment in United States Agricultural Land

United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry - Agricultural laws and legislation - 1979 - 292 pages
...the laws of the United States or a State, territory, district, or possession of the United States. In the case of a corporation, association, or partnership operating any vessel in the coastwise trade, the US citizens must own at least 75 percent of the entity interests. Rules governing treatment of indirect...
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Omnibus Maritime Regulatory Reform, Revitalization, and ..., Part 1

United States. Congress. House. Committee on Merchant Marine and Fisheries - Maritime law - 1980
...necessary to constitute a quorum are noncitizens and the corporation itself is organized under the laws of the United States or of a State, Territory, District,...association, or partnership operating any vessel in the coastwide trade the amount of interest required to be owned by citizens of the United States shall...
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Compilation of Laws Related to Mineral Resources Activities on the ..., Volume 2

United States - Continental shelf - 1981 - 647 pages
...interest of therein owned by citizens of the United States. Seventy-five per centum of the interest in the corporation shall not be deemed to be owned by citizens of the United States— (A) if the title to 75 per centum of its stock is not vested in such citizens free from any trust or fiduciary obligation...
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Compilation of Laws Related to Mineral Resources Activities on the ..., Volume 2

United States - Continental shelf - 1981 - 647 pages
...interest of therein owned by citizens of the United States. Seventy-five per centum of the interest in the corporation shall not be deemed to be owned by citizens of the United States — (A) if the title to 75 per centum of its stock is not vested in such citizens free from any trust or fiduciary obligation...
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Merchant Marine Act of 1983: Hearings Before the Subcommittee on Merchant ...

United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Merchant Marine - Maritime law - 1984 - 232 pages
...trades. In this connection, Section 2(a) of the Shipping Act, 1916, amended, (46 USC 802) provides that "in the case of a corporation, association or partnership...vessel in the coastwise trade the amount of interest to be owned by citizens of the United States shall be 75 percentum." We recognize that the proposal...
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Merchant Marine Act of 1983: Hearings Before the Subcommittee on Merchant ...

United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Merchant Marine - Maritime law - 1984 - 232 pages
...In this connection, Section 2(a) of the Shipping Act, 1916, as amended, (46 USC 802) provides that "in the case of a corporation, association or partnership...vessel in the coastwise trade the amount of interest to be owned by citizens of the United States shall be 75 percentum." We recognize that the proposal...
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