---
kind: "section"
citation: "46 C.F.R. § 67.36"
title: "46"
number: "67.36"
heading: "Trust."
url: "https://uscodex.org/cfr/46/67.36"
---

# §67.36. Trust.

- (a) For the purpose of obtaining a registry or recreational endorsement, a trust arrangement meets citizenship requirements if:
  - (1) Each of its trustees is a citizen; and
  - (2) **Each beneficiary with an enforceable interest in the trust is a citizen.**
- (b) For the purpose of obtaining a fishery endorsement, a trust arrangement meets citizenship requirements if:
  - (1) It meets all the requirements of [paragraph (a)](#a) of this section; and
  - (2) At least 75 percent of the equity interest in the trust, at each tier of the trust and in the aggregate, is owned by citizens.
- (c) For the purpose of obtaining a coastwise endorsement a trust arrangement meets citizenship requirements if:
  - (1) It meets the requirements of [paragraph (a)](#a) of this section and at least 75 percent of the equity interest in the trust is owned by citizens; or
  - (2) It meets the requirements of [§ 68.60](/cfr/46/68.60.md) or [§ 68.105](/cfr/46/68.105.md) of this chapter.

## Notes

### Amendments

[CGD 94-008, 59 FR 49846, Sept. 30, 1994, as amended by USCG-1999-6095, 65 FR 76576, Dec. 7, 2000; USCG-2001-8825, 69 FR 5401, Feb. 4, 2004; USCG-2005-20258, 71 FR 61417, Oct. 18, 2006; USCG-2009-0702, 74 FR 49230, Sept. 25, 2009]

### Authority

Authority: 14 U.S.C. 664; 31 U.S.C. 9701; 42 U.S.C. 9118; 46 U.S.C. 2103, 2104, 2107, 12102, 12103, 12104, 12105, 12106, 12113, 12133, 12139; DHS Delegation 00170.1, Revision No. 01.4.

### Source

Source: CGD 89-007, CGD 89-007a, 58 FR 60266, Nov. 15, 1993, unless otherwise noted.

### Amendments

[CGD 94-008, 59 FR 49846, Sept. 30, 1994, as amended by USCG-1999-6095, 65 FR 76576, Dec. 7, 2000; USCG-2001-8825, 69 FR 5401, Feb. 4, 2004; USCG-2005-20258, 71 FR 61417, Oct. 18, 2006; USCG-2009-0702, 74 FR 49230, Sept. 25, 2009]