# 46 CFR § 356.9: Tiered ownership structures

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-46-356.9

## Section

- **Citation:** 46 CFR § 356.9
- **Heading:** Tiered ownership structures
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 46—Shipping > CHAPTER II—MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION > SUBCHAPTER J—MISCELLANEOUS > PART 356—REQUIREMENTS FOR VESSELS OF 100 FEET OR GREATER IN REGISTERED LENGTH TO OBTAIN A FISHERY ENDORSEMENT TO THE VESSEL'S DOCUMENTATION > Subpart B—Ownership and Control

## Text

Non-Citizens may not own or control, either directly through the first tier of ownership or in the aggregate through an interest in other entities at various tiers, more than 25% of the interest in an entity which owns a Fishing Industry Vessel. The prohibition against Non-Citizens owning or controlling more than 25%, in the aggregate, of the interest in an entity that owns a Fishing Industry Vessel means, for example, that:
(a) Non-Citizens that own or control a 25% stake in the ownership entity of a Fishing Industry Vessel at the first tier may not have any interest whatsoever in any entity that is being relied upon to establish the required 75% U.S. Citizen ownership; and
(b) Non-Citizens that own or control less than a 25% stake at the first tier may participate in the ownership and control of other entities that are being relied upon to establish the required 75% U.S. Citizen ownership and control at the first tier. However, the total ownership and control by Non-Citizens of the entity owning a Fishing Industry Vessel may not exceed 25% in the aggregate as computed by MARAD.

## Nearby sections

- [46 CFR § 356.1 § 356.1 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.1.md)
- [46 CFR § 356.2 § 356.2 Waivers.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.2.md)
- [46 CFR § 356.3 § 356.3 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.3.md)
- [46 CFR § 356.5 § 356.5 Affidavit of U.S. Citizenship.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.5.md)
- [46 CFR § 356.7 § 356.7 Methods of establishing ownership by United States Citizens.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.7.md)
- [46 CFR § 356.9 § 356.9 Tiered ownership structures.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.9.md)
- [46 CFR § 356.11 § 356.11 Impermissible control by a Non-Citizen.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.11.md)
- [46 CFR § 356.13 § 356.13 Information required to be submitted by vessel owners.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.13.md)
- [46 CFR § 356.15 § 356.15 Filing of affidavit of U.S. Citizenship.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.15.md)
- [46 CFR § 356.17 § 356.17 Annual requirements for vessel owners.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.17.md)
- [46 CFR § 356.19 § 356.19 Requirements to hold a Preferred Mortgage.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.19.md)
- [46 CFR § 356.21 § 356.21 General approval of standard loan or mortgage agreements.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.21.md)
- [46 CFR § 356.23 § 356.23 Restrictive loan covenants approved for use by lenders.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.23.md)
- [46 CFR § 356.25 § 356.25 Operation of Fishing Industry Vessel Mortgagees.](https://www.frixlaw.com/law-library/statutes/ecfr-46-356.25.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-46-356.9. Check the current official text before relying on it. Not legal advice.