U.S. Code > Title 49 Transportation > SUBTITLE VII—AVIATION PROGRAMS (§§ 40101—50105) > PART A—AIR COMMERCE AND SAFETY (§§ 40101—46507) > subpart iii—safety (§§ 44101—45304) > CHAPTER 441—REGISTRATION AND RECORDATION OF AIRCRAFT (§§ 44101—44113) > § 44109. Reporting transfer of ownership

§ 44109. Reporting transfer of ownership

(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.