United States citizens and resident aliens.

CFR · 2024-01-01 · US · Title 14

(a) (b) (c) (1) Each trustee must be either a U.S. citizen or a resident alien. (2) The applicant must submit with the Aircraft Registration Application— (i) A copy of each document legally affecting a relationship under the trust; (ii) If each beneficiary under the trust, including each person whose security interest in the aircraft is incorporated in the trust, is either a U.S. citizen or a resident alien, an affidavit by the applicant to that effect; and (iii) If any beneficiary under the trust, including any person whose security interest in the aircraft is incorporated in the trust, is not a U.S. citizen or resident alien, an affidavit from each trustee stating that the trustee is not aware of any reason, situation, or relationship (involving beneficiaries or other persons who are not U.S. citizens or resident aliens) as a result of which those persons together would have (3) If persons who are neither U.S. citizens nor resident aliens have the power to direct or remove a trustee, either directly or indirectly through the control of another person, the trust instrument must provide that those persons together may not have more than 25 percent of the aggregate power to direct 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) (1) Resident aliens; or (2) One or more resident aliens and one or more U.S. citizens.

official document · source cfr-2024 · id 14:§ 47.7