Sec.  87.19   Basic eligibility.

   (a)  General. Foreign governments or their representatives cannot hold
   station licenses.

   (b) Aeronautical enroute and aeronautical fixed stations. The following
   persons cannot hold an aeronautical enroute or an aeronautical fixed station
   license.

   (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 or by a foreign
   government or its representative, or by a 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, their representatives, or by a foreign government
   or its representatives, or by any corporation organized under the laws of a
   foreign country, if the Commission finds that the public interest will be
   served by the refusal or revocation of such license.

   [ 53 FR 28940 , Aug. 1, 1988, as amended at  61 FR 55581 , Oct. 28, 1996]