Title 46 — ShippingRelease 119-73
§53304 Vessel ownership
Title 46 › Subtitle Subtitle V— - Merchant Marine › Part Part C— - Financial Assistance Programs › Chapter CHAPTER 533— - CONSTRUCTION RESERVE FUNDS › § 53304
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Title 46, §53304
Shipping — Source: USLM XML via OLRC
In this chapter, a vessel is deemed to be constructed or acquired by a taxpayer if constructed or acquired by a corporation when the taxpayer owns at least 95 percent of each class of stock of the corporation.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 5330446 App.:1161(l).June 29, 1936, ch. 858, title V, § 511(l), as added Oct. 10, 1940, ch. 849, 54 Stat. 1108.
Reference
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Citation
46 U.S.C. § 53304
Title 46 — Shipping
Last Updated
Apr 6, 2026
Release point: 119-73