Code of Federal Regulations Title 47. Telecommunication § 47.101.7 Eligibility for 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;  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.