Federal Register / Vol. 74, No. 189 / Thursday, October 1, 2009 / Rules and Regulations 50705 

(A) Had a limited access endorsement 

for South Atlantic rock shrimp; 

(B) Failed to request renewal of his or 

her endorsement within 1 year after the 

endorsement’s expiration date; and 

(C) Renewed his or her commercial 

vessel permit for rock shrimp within 1 

year after its expiration date. 

(ii) Inactive endorsement. An owner 

of a vessel may apply for a Commercial 

Vessel Permit for Rock Shrimp (South 

Atlantic EEZ) and such permit will be 

issued provided the owner, 

(A) Has a commercial vessel permit 

for rock shrimp; 

(B) Had a limited access endorsement 

for South Atlantic rock shrimp and; 

(C) Was unable to renew the 

endorsement because the endorsement 

was ‘‘inactive’’ for a period of 4 

consecutive calendar years. ‘‘Inactive’’ 

means that the vessel with the 

endorsement did not land at least 

15,000 lb (6,804 kg) of rock shrimp from 

the South Atlantic EEZ in a calendar 

year. 

(iii) Application period. Applications 

under paragraph (b)(3) of this section 

must be received by NMFS by January 

27, 2011. 

(iv) Continuity of ownership. An 

applicant who believes he or she meets 

the permit eligibility criteria based on 

ownership of a vessel under a different 

name, as may have occurred when 

ownership has changed from individual 

to corporate or vice versa, must 

document his or her continuity of 

ownership. 

(c) Transfer of an existing permit. A 

Commercial Vessel Permit for Rock 

Shrimp (South Atlantic EEZ) is valid 

only for the vessel and owner named on 

the permit. To change either the vessel 

or the owner, a complete application for 

transfer must be submitted to the RA. 

An owner of a vessel with a permit may 

request that the RA transfer a valid 

permit to another vessel owned by the 

same entity, to the same vessel owned 

by another entity, or to another vessel 

with another owner. A transfer of a 

permit under this paragraph will 

include the transfer of the vessel’s entire 

catch history of South Atlantic rock 

shrimp to a new owner; no partial 

transfers are allowed. 

(d) Renewal. The RA will not reissue 

a Commercial Vessel Permit for Rock 

Shrimp (South Atlantic EEZ) if the 

permit is revoked or if the RA does not 

receive an application for renewal of the 

permit within 1 year after the expiration 

date of the permit. 

(e) Limitation on permits. A vessel for 

which a permit for South Atlantic rock 

shrimp is required may be issued either 

a Commercial Vessel Permit for Rock 

Shrimp (Carolinas Zone) or a 

Commercial Vessel Permit for Rock 

Shrimp (South Atlantic EEZ), 

depending on its eligibility. However, 

no such vessel may be issued both 

permits for the same period of 

effectiveness. 

■ 9. In § 622.34, a heading is added to 

paragraph (k)(1) to read as follows: 

§ 622.34 Gulf EEZ seasonal and/or area 

closures. 

* * * * * 

(k) * * * 

(1) Descriptions of Areas. * * * 

* * * * * 

■ 10. In § 622.41, paragraphs (a)(4)(i)— 

(a)(4)(iii) are added to read as follows: 

§ 622.41 Species specific limitations. 

* * * * * 

(a) * * * 

(4) * * * 

(i) Permit number of site to be 

harvested and date of harvest. 

(ii) Name and official number of the 

vessel to be used in harvesting. 

(iii) Date, port, and facility at which 

aquacultured live rock will be landed. 

* * * * * 

[FR Doc. E9–23703 Filed 9–30–09; 8:45 am] 

BILLING CODE 3510–22–S 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Parts 1 and 602 

[TD 9458] 

RIN 1545–BI72 

Modification to Consolidated Return 

Regulation Permitting an Election To 

Treat a Liquidation of a Target, 

Followed by a Recontribution to a New 

Target, as a Cross-Chain 

Reorganization; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correction to temporary 

regulations. 

SUMMARY: This document contains 

corrections to temporary regulations (TD 

9458) that were published in the 

Federal Register on Friday, September 

4, 2009 (74 FR 45757) modifying the 

election under which a consolidated 

group can avoid immediately taking into 

account an intercompany item after the 

liquidation of a target corporation. This 

modification was made necessary in 

light of the regulations under section 

368 that were issued in October 2007 

addressing transfers of assets or stock 

following a reorganization. 

DATES: These regulations are effective 

on October 1, 2009, and are applicable 

on September 4, 2009. 

FOR FURTHER INFORMATION CONTACT: 

Mary W. Lyons, (202) 622–7930 (not a 

toll-free number). 

SUPPLEMENTARY INFORMATION: 

Background 

The temporary regulations that are the 

subject of this document are under 

section 1502 of the Internal Revenue 

Code. 

Need for Correction 

As published, the temporary 

regulations (TD 9458) contain errors that 

may prove to be misleading and are in 

need of clarification. 

Correction of Publication 

Accordingly, the publication of the 

temporary regulations (TD 9458), which 

were the subject of FR Doc. E9–21324, 

is corrected as follows: 

1. On page 45757, column 2, in the 

preamble, under the caption DATES:, line 

12, the language ‘‘§ 1.1502–13(f)(ii)(B)(1) 

and (2) in effect’’ is corrected to read 

‘‘§ 1.1502–13(f)(5)(ii)(B)(1) and (2) in 

effect’’. 

2. On page 45758, column 1, in the 

preamble, under the paragraph heading 

‘‘1. Results Prior to the Issuance of 

§ 1.368–2(k) Regulations’’, last line of 

the third paragraph of the column, the 

language ‘‘accomplished. See § 1.1502– 

13(a)(1)).’’ is corrected to read 

‘‘accomplished. See § 1.1502–13(a)(1).’’. 

3. On page 45758, column 2, in the 

preamble, under the paragraph heading 

‘‘2. Results After the Issuance of 

§ 1.368–2(k) Regulations’’, line 7 from 

the bottom of the first paragraph of the 

column, the language ‘‘of assets, and 

would no longer be’’ is corrected to read 

‘‘of assets, and could no longer be’’. 

4. On page 45758, column 3, in the 

preamble, under the paragraph heading 

‘‘5. Effective/Applicability Date’’, line 

10, the language ‘‘13(f)(ii)(B)(1) and (2) 

in effect prior to’’ is corrected to read 

‘‘13(f)(5)(ii)(B)(1) and (2) in effect prior 

to’’. 

LaNita Van Dyke, 

Chief, Publications and Regulations Branch, 

Legal Processing Division, Associate Chief 

Counsel, (Procedure and Administration). 

[FR Doc. E9–23646 Filed 9–30–09; 8:45 am] 

BILLING CODE 4830–01–P 

mstockstill on DSKH9S0YB1PROD with RULES