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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 Merchant Marine Act, 1936, the Shipping Act of 1984, and Related Acts ...

United States - Maritime law - 1985 - 313 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. Controlling (b) The controlling interest in a corporation shall not ^ deemed to be owned by citizens...
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Maritime Redevelopment: Hearings Before the Subcommittee on Merchant Marine ...

United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Merchant Marine - Maritime law - 1985 - 1220 pages
...United States; and (S) the controlling interest In the corporation is owned by United States citizens. In the case of a corporation, association, or partnership...trade, the amount of interest required to be owned by United States citizens Is 7SZ. 46 USC $ 802. The Ship Mortgage Act of L920, 46 CSC SS 911 *t. MO.....
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The Merchant Marine Act, 1936, the Shipping Act of 1984, and Related Acts ...

United States - Maritime law - 1985 - 313 pages
...exercised by any person who is not a citizen of the United States. (c) Seventy-five per centum of the interest in a corporation shall not be deemed to be...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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Kuwaiti tankers: hearings before the Committee on Merchant Marine and ...

United States. Congress. House. Committee on Merchant Marine and Fisheries - Persian Gulf Region - 1987 - 357 pages
...under tho l;iws of the United States or of a .Stnto, Territory, District, or possession thereof, Imt in the case of a corporation, association, or partnership operating any vessel in the coastwise trade the n mount of interest required to bo owned by citizens of the United States shall bo 75 per centum. "(b)...
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Coastwise and Fisheries Trade: Hearings Before the Subcommittee on Merchant ...

United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Merchant Marine - Cabotage - 1988 - 351 pages
...requires that we consider the operator as well as the owner of the vessel. The relevant clause reads: ... In the case of a corporation, association, or partnership...citizens of the United States shall be 75 per centum. [Emphasis added.] In the context of the section, the word "operating" seems anomalous and ambiguous....
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Coastwise and Fisheries Trade: Hearings Before the Subcommittee on Merchant ...

United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Merchant Marine - Cabotage - 1988 - 351 pages
...requires that we consider the operator as well as the owner of the vessel. The relevant clause reads: ... In the case of a corporation, association, or partnership...citizens of the United States shall be 75 per centum. [Emphasis added.] In the context of the section, the word "operating" seems anomalous and ambiguous....
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Vessel Documentation Waivers: Hearings Before the Subcommittee on Merchant ...

United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Merchant Marine - Coastwise shipping - 1990 - 221 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. Controlling (b) The controlling interest in a corporation shall not ££oTat!on ^ deTed.t? »• amei...
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Vessel Documentation Waivers: Hearings Before the Subcommittee on Merchant ...

United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Merchant Marine - Coastwise shipping - 1990 - 221 pages
...2 of the 1916 Act provides, among other things, that for a corporation, partnership, or association "operating any vessel in the coastwise trade the amount...citizens of the United States shall be 75 per centum." The one exception to the 75-percent US-citizen ownership requirement for corporations owning or operating...
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The Code of Federal Regulations of the United States of America

Administrative law - 1964
...any person who Is not a citizen of the United States. "(c) Seventy-five per centum of the Inter est In a corporation shall not be deemed to be owned by...citizens of the United States (a) If the title to 76 per centum of Its stock is not vested in such citizens free from any trust or fiduciary obligation...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1996
...necessary to constitute a quorum are noncltizens and the corporation Itself Is organized under the laws of the United States or of a State. Territory. District,...in a corporation shall not be deemed to be owned by dūzens of the United States (a) if the title to a majority of the stock thereof is not vested in such...
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