46 CFR 565.4
§ 565.4 Notification to Commission of change in control.
United States · 46 CFR — Shipping · Status: effective
Cite this
- Citation
- 46 CFR 565.4, § 565.4 Notification to Commission of change in control, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/233132
- Permanent ID
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Full text
Whenever the operation, control or ownership of an ocean common carrier is transferred resulting in a majority portion of the interest of that ocean common carrier being owned or controlled in any manner by a government, the ocean common carrier shall immediately send written notification of the details of the change to the Secretary of the Commission. If a carrier is newly commencing ocean common carrier operations in a United States trade, and if a majority portion of the carrier is owned or controlled by a government, or if a government may approve or disapprove the majority of directors or the chief executive or operating officer of the carrier, the carrier shall immediately send written notification to the Secretary of the details of such ownership or control.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.