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.
New Mexico Bill of Sale for Aircraft Engine and Documentation is a legal document that serves as proof of ownership transfer for an aircraft engine in the state of New Mexico. It outlines the essential details of the transaction, including the buyer and seller information, specific details about the aircraft engine, terms and conditions of the sale, and any accompanying documentation required for the transfer. The New Mexico Bill of Sale for Aircraft Engine and Documentation is a vital document that provides a clear record of the transaction and ensures compliance with state laws and regulations. It protects both the buyer and the seller by establishing a legally binding agreement. The key components included in the New Mexico Bill of Sale for Aircraft Engine and Documentation are: 1. Buyer and Seller Information: The legal names and addresses of both the buyer and the seller must be provided. If either party is a business entity, the company name and official address need to be included. 2. Aircraft Engine Details: The specific details of the aircraft engine must be clearly mentioned. This includes the make, model, serial number, and any other unique identification numbers or features. 3. Purchase Price: The agreed-upon purchase price for the aircraft engine should be clearly stated in both numerical and written forms to avoid any confusion or misinterpretation. 4. Terms and Conditions: Any additional terms and conditions agreed upon by both parties should be clearly outlined in this section. This may include warranty provisions, delivery details, inspection requirements, and any other relevant terms. 5. Documentation: The New Mexico Bill of Sale for Aircraft Engine and Documentation may require certain accompanying documents to complete the transfer process. These documents can include proof of ownership, maintenance records, logbooks, FAA Form 337, and any other relevant paperwork. Different types or variations of the New Mexico Bill of Sale for Aircraft Engine and Documentation may exist, depending on specific circumstances or requirements. These variations may include: 1. General Bill of Sale for Aircraft Engine and Documentation: This type of bill of sale is used for a straightforward transaction where no unique conditions exist, and both parties agree to the standard terms and conditions. 2. As-Is Bill of Sale for Aircraft Engine and Documentation: This type of bill of sale specifies that the aircraft engine is sold without any warranties or guarantees. It states that the buyer accepts the engine in its current condition and takes full responsibility for any issues that may arise after the sale. 3. Conditional Bill of Sale for Aircraft Engine and Documentation: In cases where certain conditions need to be met before the transfer is complete, a conditional bill of sale may be used. This document outlines the conditions that must be satisfied for the sale to be finalized. In conclusion, the New Mexico Bill of Sale for Aircraft Engine and Documentation is a crucial legal document used to transfer ownership of an aircraft engine in the state of New Mexico. It protects the interests of both the buyer and seller by clearly defining the terms of the sale and ensuring compliance with state laws.
