41 CFR 102-33.285 - Do we need to include any special disclaimers in our exchange/sale agreements for uncertificated aircraft or aircraft that we have...in compliance with the Federal Aviation Regulations, 14 CFR chapter I)?
Yes, when you exchange or sell uncertificated aircraft or aircraft maintained as public aircraft, you must ensure that the exchange or sales offerings contain the following statement:
Warning to purchasers/recipients. The aircraft you have purchased or received in an exchange may not be in compliance with applicable FAA requirements. You are solely responsible for bringing the aircraft into compliance with 14 CFR chapter I, or other applicable standards, by obtaining all necessary FAA inspections or modifications.
Title 41 published on 2014-07-01
no entries appear in the Federal Register after this date.