Eligibility.

CFR · 2024-01-01 · US · Title 2

(a) (b) (1) Exercises ultimate ownership of the applicant company either directly, by ownership of a majority of that company's voting securities, or indirectly, by control over a majority of that company's voting securities through one or more intermediate subsidiary companies or otherwise, and (2) Is not itself subject to the ultimate ownership control of another company. (1) A company that has majority ownership by individuals who are citizens of the United States, or (2) A company organized under the laws of a State that either has no parent company or has a parent company organized under the laws of a State. (c) (1) Consistent with § 910.124(d), the company's participation in a covered program would be in the economic interest of the United States; and (2) The company is either— (i) A United States-owned company; or (ii) Incorporated or organized under the laws of any State and has a parent company which is incorporated or organized under the laws of a country which— (A) Affords to the United States-owned companies opportunities, comparable to those afforded to any other company, to participate in any joint venture similar to those authorized under the Act; (B) Affords to United States-owned companies local investment opportunities comparable to those afforded to any other company; and (C) Affords adequate and effective protection for the intellectual property rights of United States-owned companies. (d) (1) Investments by the applicant company and its affiliates in the

official document · source cfr-2024 · id 2:§ 910.124