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 Oklahoma Bill of Sale for Aircraft Engine and Documentation is a legally binding document that facilitates the transfer of ownership and ensures the proper documentation of an aircraft engine in the state of Oklahoma. This bill of sale is crucial for both the seller and the buyer as it protects their interests and provides a comprehensive record of the transaction. Keywords: Oklahoma, Bill of Sale, Aircraft Engine, Documentation, Ownership, Transfer, Seller, Buyer, Transaction, Legal. There are two main types of Oklahoma Bill of Sale for Aircraft Engine and Documentation: general and conditional. 1. General Bill of Sale: This type of bill of sale is used when the buyer pays the full amount for the aircraft engine upfront, and the ownership is transferred unconditionally. It includes the details of the buyer and seller, a description of the aircraft engine including its make, model, and serial number, the sale price, and the date of the transfer. Both parties must sign the document to make it legally enforceable. 2. Conditional Bill of Sale: This type of bill of sale is used when there are specific conditions to be met before the ownership of the aircraft engine is fully transferred. These conditions may include payment installments, inspections, or the completion of certain repairs. The document outlines these conditions and specifies the timeline for their fulfillment. Once all conditions are met, the ownership is transferred. Both types of bills of sale require the proper documentation related to the aircraft engine. This may include maintenance records, logbooks, FAA Form 8130-3, and any other relevant paperwork. It is important for both the buyer and seller to review and verify the accuracy of these records to ensure a smooth and transparent transaction. In addition to the general and conditional bills of sale, there may also be variants specific to different types of aircraft engines, such as reciprocating engines, turboprop engines, or jet engines. These variants will have additional sections or requirements tailored to the particular type of engine being sold. The Oklahoma Bill of Sale for Aircraft Engine and Documentation is an essential document that protects the rights of the buyer and seller during the transfer of ownership. It ensures that the aircraft engine has a clear title and that all necessary documentation is in order. It is crucial for both parties to understand the contents of the bill of sale and to consult with legal professionals if needed to ensure compliance with state and federal laws.
