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 Utah Bill of Sale for Aircraft Engine and Documentation is a legal document that serves as proof of the transfer of ownership for an aircraft engine and its accompanying documentation. This comprehensive bill of sale ensures that the buyer acquires full rights and title to the engine and all related paperwork, while also safeguarding the rights and interests of the seller. In Utah, there are a few different types of Bill of Sale for Aircraft Engine and Documentation, each serving specific purposes and scenarios. These include: 1. Standard Utah Bill of Sale for Aircraft Engine and Documentation: This type of bill of sale is used to document the transfer of ownership when selling an aircraft engine and its associated paperwork in a typical private sale transaction. It includes all the necessary details such as the parties involved, the engine's description, purchase price, settlement terms, and any warranties or guarantees. 2. Utah Bill of Sale for Aircraft Engine and Documentation with Liens: When an aircraft engine has existing liens or encumbrances, this type of bill of sale is used. It includes additional clauses and provisions to address the existing liens, ensuring that the buyer assumes responsibility for the encumbrances or that they will be cleared prior to the transfer of ownership. 3. Utah Bill of Sale for Aircraft Engine and Documentation with Notarization: In some cases, parties involved in an aircraft engine sale may require notarization to authenticate the document and make it legally binding. This variation of the bill of sale includes spaces for notary public signatures, stamps, and any other relevant details, demonstrating that the document has been officially executed. 4. Utah Bill of Sale for Aircraft Engine and Documentation for Financial Institutions: Financial institutions or lenders who finance aircraft purchases often use this specific Bill of Sale. It may include additional provisions protecting the lender’s security interest, such as details of the loan agreement, installment payments, and default consequences. Overall, the Utah Bill of Sale for Aircraft Engine and Documentation is a crucial legal instrument that establishes the transfer of ownership for an aircraft engine and ensures the proper documentation is handed over to the buyer. It protects the rights of both parties involved in the transaction and provides a clear record of the sale that can be referenced in the future if needed.
