(a) Filing Notices.— A person having an ownership interest in an aircraft for which a certificate of registration was issued under section
44103 of this title shall file a notice with the Secretary of the Treasury that the Secretary requires by regulation, not later than 15 days after a sale, conditional sale, transfer, or conveyance of the interest.
(b) Exemptions.— The Secretary—
(1)shall prescribe regulations that establish guidelines for exempting a person or class from subsection (a) of this section; and
(2)may exempt a person or class under the regulations.
(a) Filing Notices.— A person having an ownership interest in an aircraft for which a certificate of registration was issued under section
44103 of this title shall file a notice with the Secretary of the Treasury that the Secretary requires by regulation, not later than 15 days after a sale, conditional sale, transfer, or conveyance of the interest.
(b) Exemptions.— The Secretary—
(1)shall prescribe regulations that establish guidelines for exempting a person or class from subsection (a) of this section; and
(2)may exempt a person or class under the regulations.
In subsection (a), the text of 49 App.:1509(f) (last sentence) is omitted as unnecessary.
In subsection (b)(1), the words “Within 30 days after the date of enactment of subsection (f) ofsection
1109 of the Federal Aviation Act of 1958 as added by this subsection” are omitted as obsolete.
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49 USC
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