Naval Reserve yacht pennant

§ 7226. Naval Reserve yacht pennant The Secretary of the Navy shall prescribe a suitable pennant to be known as the Naval Reserve yacht pennant. This pennant may be flown by a yacht or similar vessel if— (1) the vessel is documented under the laws of the United States; (2) the vessel has been designated by the Secretary, under such regulations as he prescribes, as suitable for service as a naval auxiliary in time of war; and (3) the captain or owner of the vessel is a member of the Navy.