On Thu, 30 Sep 2004 14:29:50 -0400, "Jeff Morris"
wrote:

On this I would agree with jaxie - it is patently illegal for a non-citizen of the US to own, or in
any way have a controlling interest, in a US Documented vessel. The laws go on at great length
closing as many loopholes as the lawyers could think of. There is no exemption for recreational
vessels. Vessels in violation certainly lose their documentation, and might be liable for seizure.

Uh-huh: the first phrase indicates a mistake is in progress.

Owning a US registered vessel is the stuff for which lawyers exist:
the usual mechanism for non-citizens is to vest ownership in a US
corporation. The asset ownership issue is essentially pencil-whipped.
A US corporation need not cost a whole lot of money : $250 can do
it....

Brian Whatcott Altus OK