{"identifier":"/us/usc/t49/s44109","title":49,"num":"\u00a7\u202f44109.","heading":"Reporting transfer of ownership","text":"\u00a7\u202f44109.\nReporting transfer of ownership\n(a)\nFiling Notices.\u2014\nA person having an ownership interest in an aircraft for which a certificate of registration was issued under\nsection 44103 of this title\n(b)\nExemptions.\u2014\nThe Secretary\u2014\n(1) shall prescribe regulations that establish guidelines for exempting a person or class from subsection (a) of this section; and\n(2) may exempt a person or class under the regulations.","url":"https://projectusc.org/usc/t49/s44109.html","content":[{"t":"sec","id":"/us/usc/t49/s44109","children":[{"t":"num","text":"\u00a7\u202f44109."},{"t":"heading","text":"Reporting transfer of ownership"},{"t":"subsec","id":"/us/usc/t49/s44109/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Filing Notices.\u2014"},{"t":"content","text":"A person having an ownership interest in an aircraft for which a certificate of registration was issued under ","children":[{"t":"ref","text":"section 44103 of this title","href":"/us/usc/t49/s44103","tail":" 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."}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t49/s44109/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Exemptions.\u2014"},{"t":"chapeau","text":"The Secretary\u2014"},{"t":"para","id":"/us/usc/t49/s44109/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" shall prescribe regulations that establish guidelines for exempting a person or class from subsection (a) of this section; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t49/s44109/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" may exempt a person or class under the regulations.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}