§12103. General eligibility requirements
(a)
(1) wholly owned by one or more individuals or entities described in subsection (b);
(2) at least 5 net tons as measured under part J of this subtitle; and
(3) not documented under the laws of a foreign country.
(b)
(1) An individual who is a citizen of the United States.
(2) An association, trust, joint venture, or other entity if-
(A) each of its members is a citizen of the United States; and
(B) it is capable of holding title to a vessel under the laws of the United States or a State.
(3) A partnership if-
(A) each general partner is a citizen of the United States; and
(B) the controlling interest in the partnership is owned by citizens of the United States.
(4) A corporation if-
(A) it is incorporated under the laws of the United States or a State;
(B) its chief executive officer, by whatever title, and the chairman of its board of directors are citizens of the United States; and
(C) no more of its directors are noncitizens than a minority of the number necessary to constitute a quorum.
(5) The United States Government.
(6) The government of a State.
(c)
(
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
12103(a) | 46:12102(a) (less ownership), (b) (1st sentence). | |
12103(b) | 46:12102(a) (related to ownership) | |
12103(c) | 46:12102(b) (last sentence). |
Editorial Notes
Prior Provisions
A prior section 12103,
A prior section 12103a, added