[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: 46CFR68.01-7]

[Page 380]
 
                           TITLE 46--SHIPPING
 
   CHAPTER I--COAST GUARD, DEPARTMENT OF HOMELAND SECURITY (CONTINUED)
 
PART 68_DOCUMENTATION OF VESSELS PURSUANT TO EXTRAORDINARY LEGISLATIVE 
GRANTS--Table of Contents
 
  Subpart 68.01_Regulations Implementing Provisions for 46 U.S.C. App. 
                                  883-1
 
Sec. 68.01-7  Qualification as a parent or subsidiary.

    (a) To be formally qualified as a parent corporation, as defined in 
Sec. 68.01-1, a corporation must file with the Director, National 
Vessel Documentation Center a certificate under oath as described in 
appendix B.
    (b) To be formally qualified as subsidiary corporation as defined in 
Sec. 68.01-1, a corporation must file with the Director, National 
Vessel Documentation Center a certificate under oath as described in 
appendix B.
    (c) Upon the filing of the certificate required under paragraph (a) 
or (b) of this section, the Director, National Vessel Documentation 
Center will furnish the corporation a certificate of parent or 
subsidiary status which is valid for a period of 3 years from the date 
of its issuance unless there is a change in corporate status requiring a 
report under Sec. 68.01-9(a) of this subpart. On or before the date of 
expiration of the certificate of parent or subsidiary status, a new 
certificate under oath as described in appendix B must be filed with the 
Director, National Vessel Documentation Center.

[CGD 89-007, CGD 89-007a, 58 FR 60266, Nov. 15, 1993; 58 FR 65131, Dec. 
13, 1993, as amended by CGD 95-014, 60 FR 31605, June 15, 1995; USCG-
1999-6216, 64 FR 53225, Oct. 1, 1999; USCG-2002-13058, 67 FR 61279, 
Sept. 30, 2002]