§ 44109. Reporting transfer of ownership
§ 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.