Sec. 101.7  Eligibility for station license.

    (a) A station license may not be granted to or held by a foreign 
government or by a representative of a foreign government.
    (b) In the Common Carrier service, a station license may not be 
granted or held by:
    (1) Any alien or the representative of any alien;
    (2) Any corporation organized under the laws of any foreign 
government;
    (3) Any corporation of which more than one-fifth of the capital 
stock is owned of record or voted by: Aliens or their representatives; a 
foreign government or representatives thereof; or any corporation 
organized under the laws of a foreign country; or
    (4) Any corporation directly or indirectly controlled by any other 
corporation of which more than one-fourth of the capital stock is owned 
of record or voted by aliens or their representatives, or by a foreign 
government or representative thereof, or by any corporation organized 
under the laws of a foreign government, if the Commission finds that the 
public interest will be served by the refusal or revocation of such 
license.
[ 61 FR 26677 , May 28, 1996, as amended at  61 FR 55581 , Oct. 28, 1996]