GroundRules
46 CFR 287.27: Controlled corporation.
Where this section sits in the code
- Title 46—Shipping
- CHAPTER II—MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION
- SUBCHAPTER C—REGULATIONS AFFECTING SUBSIDIZED VESSELS AND OPERATORS
- PART 287—ESTABLISHMENT OF CONSTRUCTION RESERVE FUNDS
For the purpose of section 511 of the Act and the regulations in this part a new vessel is considered as constructed, reconstructed, reconditioned, or acquired by the taxpayer if constructed, reconstructed, reconditioned, or acquired by a corporation at a time when the taxpayer owns not less than 95 percent of the total number of shares of each class of stock of the corporation.
Collected 2026-08-27T02:26:22Z. Source file · JSON