Under the Federal Aviation Act of 1958, any conveyance that affects the title to, or any interest in, any civil aircraft of the United States must be acknowledged and recorded with the Administrator of the Federal Aviation Administration in the manner prescribed by statute. After such an instrument is recorded, it is valid as to all persons without recording and regardless of notice.
Documents relating to interests in aircraft are filed with the FAA Registry in Oklahoma City, Oklahoma. Documents must be signed in ink by the appropriate party (e.g. seller, grantor, lien claimant, etc.) or by someone on behalf of the appropriate party with a title acceptable to the FAA (President, Chief Manager etc.). The FAA Registry Examination Guidelines contain a list of titles that are acceptable to the FAA.
The Minnesota Bill of Sale for Aircraft Engine and Disclaimer of Warranties is a legal document used specifically for transferring ownership and documenting the sale of an aircraft engine in the state of Minnesota. This form outlines the terms and conditions of the transaction and includes important information about the engine being sold. It is crucial for both the buyer and the seller to complete this document accurately to ensure a smooth transfer of ownership. Keywords: Minnesota, Bill of Sale, Aircraft Engine, Disclaimer of Warranties, ownership, sale, legal document, transaction, seller, buyer, transfer. Different types of Minnesota Bill of Sale for Aircraft Engine and Disclaimer of Warranties may include: 1. Standard Minnesota Bill of Sale for Aircraft Engine: This is the most common form used for the transfer of ownership and sale of an aircraft engine in Minnesota. It includes relevant details about the buyer, seller, engine, purchase price, and any additional terms and conditions agreed upon. 2. Minnesota Bill of Sale for Aircraft Engine with Warranty: This form includes a limited warranty where the seller guarantees that the engine is in good working condition and free from any defects. This provides a certain level of assurance to the buyer regarding the engine's quality and performance. 3. Minnesota Bill of Sale for Aircraft Engine "As-Is": This type of bill of sale states that the engine is sold in its current condition, with no warranties or guarantees from the seller. The buyer accepts the engine "as-is" and understands that it may have imperfections or issues. This type of bill of sale is commonly used for older engines or engines being sold for parts. 4. Minnesota Bill of Sale for Aircraft Engine with Exchange or Trade: In instances where one aircraft engine is being exchanged or traded for another, a specialized bill of sale is used. This document specifies the engines involved in the exchange, their respective values, and any additional terms related to the transaction. It is important to clarify that the specific types of bill of sale may vary depending on the requirements of the parties involved or any additional legal considerations. It is advisable to consult with an attorney or legal professional to ensure the appropriate form is used for a particular transaction.
