47.3—Registration required.
(a)
An aircraft may be registered under 49 U.S.C. 44103 only when the aircraft is not registered under the laws of a foreign country and is—
(2)
Owned by an individual citizen of a foreign country lawfully admitted for permanent residence in the United States;
(3)
Owned by a corporation not a citizen of the United States when the corporation is organized and doing business under the laws of the United States or a State within the United States, and the aircraft is based and primarily used in the United States; or
(ii)
A State, the District of Columbia, a territory or possession of the United States, or a political subdivision of a State, territory, or possession.
(b)
No person may operate an aircraft that is eligible for registration under 49 U.S.C. 44101-441 04, unless the aircraft—