§12119. Owners engaged primarily in leasing or financing transactions — Inbound Citations

Citations to 46 U.S.C. § 12119 as a whole

• 46 U.S.C. § 56101(a)(1)

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  (1) Except as otherwise provided in this section, section 12119 of this title, or section 611 of the Merchant Marine Act, 1936, a person may not, without the approval of the Secretary of Transportation—

  (A) sell, lease, charter, deliver, or in any other manner transfer, or agree to sell, lease, charter, deliver, or in any other manner transfer, to a person not a citizen of the United States, an interest in or control of—

  (i) a documented vessel owned by a citizen of the United States; or

  (ii) a vessel last documented under the laws of the United States; or

  (B) place under foreign registry, or operate under the authority of a foreign country, a documented vessel or a vessel last documented under the laws of the United States.