Us Code § 53201 - Definitions
Full text of Us Code United States Code § 53201 — Definitions, with citation guidance and answers to common questions.
§ 53201. Definitions
In this chapter:
(1)
(2)
(A) classed as a cable ship or cable vessel by, and designed in accordance with the rules of, the American Bureau of Shipping, or another classification society accepted by the Secretary; and
(B) capable of installing, maintaining, and repairing submarine cables.
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(A) Subject to paragraph (C), the term "United States citizen trust" means a trust that is qualified under this paragraph.
(B) A trust is qualified under this paragraph with respect to a vessel only if—
(i) it was created under the laws of a state of the United States;
(ii) each of the trustees is a citizen of the United States; and
(iii) the application for documentation of the vessel under chapter 121 of this title includes the affidavit of each trustee stating that the trustee is not aware of any reason involving a beneficiary of the trust that is not a citizen of the United States, or involving any other person that is not a citizen of the United States, as a result of which the beneficiary or other person would hold more than 25 percent of the aggregate power to influence, or limit the exercise of the authority of, the trustee with respect to matters involving any ownership or operation of the vessel that may adversely affect the interests of the United States.
(C) If any person that is not a citizen of the United States has authority to direct, or participate in directing, the trustee for a trust in matters involving any ownership or operation of the vessel that may adversely affect the interests of the United States or in removing a trustee for a trust without cause, either directly or indirectly through the control of another person, the trust is not qualified under this paragraph unless the trust instrument provides that persons who are not citizens of the United States may not hold more than 25 percent of the aggregate authority to direct or remove a trustee.
(D) This paragraph shall not be considered to prohibit a person who is not a citizen of the United States from holding more than 25 percent of the beneficial interest in a trust.
(Added Pub. L. 116–92, div. C, title XXXV, §3521(a), Dec. 20, 2019, 133 Stat. 1988.)
About This Section
46 U.S.C. § 53201 is part of Title 46 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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