46 CFR 67.35
§ 67.35 Partnership.
United States · 46 CFR — Shipping · Status: effective
Cite this
- Citation
- 46 CFR 67.35, § 67.35 Partnership, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/225485
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Full text
A partnership meets citizenship requirements if all its general partners are citizens, and:
(a) For the purpose of obtaining a registry or recreational endorsement, at least 50 percent of the equity interest in the partnership is owned by citizens.
(b) For the purpose of obtaining a fishery endorsement, at least 75 percent of the equity interest in the partnership, at each tier of the partnership and in the aggregate, is owned by citizens.
(c) For the purpose of obtaining a coastwise endorsement at least 75 percent of the equity interest in the partnership is owned by citizens or the vessel qualifies under § 68.60 or § 68.105 of this chapter.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.