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]