{"data":{"id":"us/46-cfr-287.27","jurisdiction":"us","citation":"46 CFR 287.27","heading":"Controlled corporation.","body":"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.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-46.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:22Z","sha256":"d419d48b59e7be379cea041fb1390913bf1ac8dfaaf8f064f5d0bc71c681270a","source_id":"us-cfr","stale":true,"prev":"us/46-cfr-287.26","next":"us/46-cfr-287.28"},"notice":"GroundRules: Original legal text. Not legal advice."}