869 

Federal Aviation Administration, DOT 

§ 47.9 

(d) 

Partnerships. 

A partnership may 

apply for a Certificate of Aircraft Reg-
istration, AC Form 8050–3, under 49 
U.S.C. 44102 only if each partner, 
whether a general or limited partner, is 
an individual who is a citizen of the 
United States. Nothing in this section 
makes ineligible for registration an 
aircraft which is not owned as a part-
nership asset but is co-owned by— 

(1) Resident aliens; or 
(2) One or more resident aliens and 

one or more U.S. citizens. 

[Amdt. 47–20, 44 FR 61939, Oct. 29, 1979, as 
amended by Amdt. 47–27, 70 FR 244, Jan. 3, 
2005; Amdt. 47–29, 75 FR 41980, July 20, 2010; 
Doc. No. FAA–2015–7396; Amdt. 47–30, 80 FR 
78645, Dec. 16, 2015] 

§ 47.8

Voting trusts. 

(a) If a voting trust is used to qualify 

a domestic corporation as a U.S. cit-
izen, the corporate applicant must sub-
mit to the Registry— 

(1) A true copy of the fully executed 

voting trust agreement, which must 
identify each voting interest of the ap-
plicant, and which must be binding 
upon each voting trustee, the applicant 
corporation, all foreign stockholders, 
and each other party to the trans-
action; and 

(2) An affidavit executed by each per-

son designated as voting trustee in the 
voting trust agreement, in which each 
affiant represents— 

(i) That each voting trustee is a cit-

izen of the United States within the 
meaning of 49 U.S.C. 40102(a)(15). 

(ii) That each voting trustee is not a 

past, present, or prospective director, 
officer, employee, attorney, or agent of 
any other party to the trust agree-
ment; 

(iii) That each voting trustee is not a 

present or prospective beneficiary, 
creditor, debtor, supplier or contractor 
of any other party to the trust agree-
ment; 

(iv) That each voting trustee is not 

aware of any reason, situation, or rela-
tionship under which any other party 
to the agreement might influence the 
exercise of the voting trustee’s totally 
independent judgment under the voting 
trust agreement. 

(b) Each voting trust agreement sub-

mitted under paragraph (a)(1) of this 
section must provide for the succession 

of a voting trustee in the event of 
death, disability, resignation, termi-
nation of citizenship, or any other 
event leading to the replacement of 
any voting trustee. Upon succession, 
the replacement voting trustee shall 
immediately submit to the Registry 
the affidavit required by paragraph 
(a)(2) of this section. 

(c) If the voting trust terminates or 

is modified, and the result is less than 
75 percent control of the voting inter-
est in the corporation by citizens of the 
United States, a loss of citizenship of 
the holder of the Certificate of Aircraft 
Registration, AC Form 8050–3 occurs, 
and § 47.41(a)(3) of this part applies. 

(d) A voting trust agreement may not 

empower a trustee to act through a 
proxy. 

[Amdt. 47–20, 44 FR 61939, Oct. 29, 1979, as 
amended by Amdt. 47–27, 70 FR 245, Jan. 3, 
2005; Amdt. 47–29, 75 FR 41980, July 20, 2010] 

§ 47.9

Corporations not U.S. citizens. 

(a) Each corporation applying for 

registration of an aircraft under 49 
U.S.C. 44102 must submit to the Reg-
istry with the Aircraft Registration 
Application, AC Form 8050–1— 

(1) A certified copy of its certificate 

of incorporation; 

(2) A certification that it is lawfully 

qualified to do business in one or more 
States; 

(3) A certification that the aircraft 

will be based and primarily used in the 
United States; and 

(4) The location where the records re-

quired by paragraph (e) of this section 
will be maintained. 

(b) For the purposes of registration, 

an aircraft is based and primarily used 
in the United States if the flight hours 
accumulated within the United States 
amount to at least 60 percent of the 
total flight hours of the aircraft dur-
ing— 

(1) For aircraft registered on or be-

fore January 1, 1980, the 6-calendar 
month period beginning on January 1, 
1980, and each 6-calendar month period 
thereafter; and 

(2) For aircraft registered after Janu-

ary 1, 1980, the period consisting in the 
remainder of the registration month 
and the succeeding 6 calendar months 
and each 6-calendar month period 
thereafter. 

VerDate Sep<11>2014 

12:50 Apr 30, 2019

Jkt 247046

PO 00000

Frm 00879

Fmt 8010

Sfmt 8010

Y:\SGML\247046.XXX

247046

spaschal on DSK3GDR082PROD with CFR