76 When a change of ownership results in the addition of a new principal to a corporate broker, Customs may conduct a background investigation of the new principal. A “principal” is defined as any person having at least a _____ percent capital, beneficiary or other direct or indirect interest in the business of a broker.
A. 1
B. 5
C. 10
D. 50
E. 51
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: B
Citation: 19 CFR 111.28(d)
[/bg_collapse]