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United States Code Title 46 — Shipping

§ 53303. Persons eligible to establish funds

§ 53303.

Persons eligible to establish funds

A construction reserve fund may be established by a citizen of the United States that—

(1)

is operating a vessel in the foreign or domestic commerce of the United States or in the fisheries;

(2)

owns, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries;

(3)

was operating a vessel in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the United States Government;

(4)

owned, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government; or

(5)

had acquired or was having constructed a vessel to operate in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government.