871 

Federal Aviation Administration, DOT 

§ 47.9 

more than 25 percent of the aggregate 
power to influence or limit the exercise 
of the trustee’s authority. 

(3) If persons who are neither U.S. 

citizens nor resident aliens have the 
power to direct or remove a trustee, ei-
ther directly or indirectly through the 
control of another person, the trust in-
strument must provide that those per-
sons together may not have more than 
25 percent of the aggregate power to di-
rect or remove a trustee. Nothing in 
this paragraph prevents those persons 
from having more than 25 percent of 
the beneficial interest in the trust. 

(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 

VerDate Sep<11>2014 

09:06 Jun 28, 2024

Jkt 262046

PO 00000

Frm 00881

Fmt 8010

Sfmt 8010

Y:\SGML\262046.XXX

262046

jspears on DSK121TN23PROD with CFR