View all text of Chapter 441 [§ 44101 - § 44114]
§ 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.)