14 C.F.R. § 49.45   Recording of releases, cancellations, discharges, and satisfactions: special requirements.


Title 14 - Aeronautics and Space


Title 14: Aeronautics and Space
PART 49—RECORDING OF AIRCRAFT TITLES AND SECURITY DOCUMENTS
Subpart D—Encumbrances Against Specifically Identified Aircraft Engines and Propellers

Browse Previous

§ 49.45   Recording of releases, cancellations, discharges, and satisfactions: special requirements.

(a) A release, cancellation, discharge, or satisfaction of an encumbrance created by an instrument recorded under this subpart must be in a form equivalent to AC Form 8050–41 and contain a description of the encumbrance, the recording information furnished to the holder at the time of recording, and the collateral released.

(b) If more than one engine or propeller, or both, are listed in an instrument, recorded under this subpart, that created an encumbrance thereon and all of them are released, they need not be listed by serial number, but the release, cancellation, discharge, or satisfaction must state that all of the encumbered engines or propellers are released. The original recorded document must be clearly identified by the names of the parties, the date of FAA recording, and the document date.

[Doc. No. 1996, 29 FR 6486, May 19, 1964, as amended by Amdt. 49–7, 37 FR 25487, Dec. 1, 1972]

Browse Previous






















































chanrobles.com





ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com