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.
A Michigan Bill of Sale for Aircraft Engine and Documentation is a legal document used to establish the transfer of ownership of an aircraft engine and its accompanying documentation between a seller and a buyer in the state of Michigan. It serves as proof of purchase and includes essential details about the engine and the transaction. The Michigan Bill of Sale for Aircraft Engine and Documentation typically includes information such as the names, addresses, and contact details of both the seller and the buyer. It also specifies the date of the sale and the agreed-upon purchase price. Moreover, it includes a detailed description of the aircraft engine being sold, including its make, model, and serial number. The document may also mention any warranties or guarantees provided by the seller, if applicable. Different types of Michigan Bill of Sale for Aircraft Engine and Documentation may exist depending on the nature of the transaction or specific circumstances. Some common variations include: 1. Standard Michigan Bill of Sale for Aircraft Engine and Documentation: This is the most basic and common type of bill of sale, covering the essential details of the sale without any additional clauses or considerations. 2. As-Is Michigan Bill of Sale for Aircraft Engine and Documentation: This type of bill of sale states that the aircraft engine is being sold in its current condition, without any warranties or guarantees from the seller. 3. Warranty Michigan Bill of Sale for Aircraft Engine and Documentation: In this case, the seller provides a warranty or guarantee regarding the condition or performance of the aircraft engine for a specified period. 4. Installment Payment Michigan Bill of Sale for Aircraft Engine and Documentation: If the buyer is paying for the aircraft engine in installments, this type of bill of sale outlines the agreed-upon payment schedule and conditions. 5. Assignment of Ownership Michigan Bill of Sale for Aircraft Engine and Documentation: This variation is used when the seller is transferring ownership rights to a third party, rather than directly selling to the buyer. It is essential to choose the appropriate type of Michigan Bill of Sale for Aircraft Engine and Documentation based on the specific circumstances of the transaction to ensure legal compliance and protect the rights of both the buyer and the seller. Consulting an attorney or legal professional is advisable to ensure the document meets all necessary requirements.
