[Code of Federal Regulations]
[Title 46, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 46CFR67.35]

[Page 348]
 
                           TITLE 46--SHIPPING
 
   CHAPTER I--COAST GUARD, DEPARTMENT OF HOMELAND SECURITY (CONTINUED)
 
PART 67_DOCUMENTATION OF VESSELS--Table of Contents
 
       Subpart C_Citizenship Requirements for Vessel Documentation
 
Sec. 67.35  Partnership.

    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 or Great Lakes 
endorsement or both, at least 75 percent of the equity interest in the 
partnership is owned by citizens or the vessel qualifies under Sec. 
67.20.

[CGD 94-008, 59 FR 49846, Sept. 30, 1994, as amended by USCG-1999-6095, 
65 FR 76575, Dec. 7, 2000; USCG-2001-8825, 69 FR 5401, Feb. 4, 2004]