[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: 46CFR68.01-9]

[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. 68.01-9  Cessation of qualification.

    (a) If after filing the certificate required by Sec. 68.01-5 of 
this subpart, a change occurs whereby an 883-1 corporation no longer 
meets the criteria in Sec. 68.01-3(a), that corporation's qualification 
for the privileges enumerated in Sec. Sec. 68.01-11 and 68.01-13 is 
terminated effective as of the date and time of the change. The 
corporation must report the change in writing to the Director, National 
Vessel Documentation Center.
    (b) If, after filing the certificate required by Sec. 68.01-7 of 
this subpart, a change occurs whereby the corporation is no longer 
entitled to be deemed a parent or subsidiary corporation, that 
corporation's qualification for the privileges in Sec. Sec. 68.01-11 
and 13 is terminated effective as of the date and time of the change. 
The corporation must report such change in writing to 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]