49 USC 44109 - Reporting transfer of ownership

U.S Code last checked for updates: Nov 22, 2024

§ 44109.

Reporting transfer of ownership

(a)

Filing Notices.—

A person having an ownership interest in an aircraft for which a certificate of registration was issued under section 44103 of this title shall file a notice with the Secretary of the Treasury that the Secretary requires by regulation, not later than 15 days after a sale, conditional sale, transfer, or conveyance of the interest.

(b)

Exemptions.—

The Secretary—

(1)

shall prescribe regulations that establish guidelines for exempting a person or class from subsection (a) of this section; and

(2)

may exempt a person or class under the regulations.

(Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 1166.)

cite as: 49 USC 44109