This subpart applies to the recording of the following kinds of conveyances:
(a) Any lease, a notice of tax lien or other lien (except a notice of Federal tax lien referred to in § 49.17(a)), and any mortgage, equipment trust, contract of conditional sale, or other instrument executed for security purposes, which affects title to, or any interest in, any specifically identified aircraft engine of 550 or more rated takeoff horsepower, or the equivalent of that horsepower, or a specifically identified aircraft propeller capable of absorbing 750 or more rated takeoff shaft horsepower.
(b) An assignment or amendment of, or supplement to, an instrument named in paragraph (a) of this section.
(c) A release, cancellation, discharge, or satisfaction of a conveyance named in paragraph (a) or (b) of this section.
[Doc. No. 1996, 29 FR 6486, May 19, 1964, as amended by Amdt. 49-5, 35 FR 802, Jan. 21, 1970; Amdt. 49-10, 70 FR 246, Jan. 3, 2005]
Notes of Decisions
Stanziale v. Pratt & Whitney (In Re Tower Air, Inc.), 319 B.R. 88 (Bankr. D. Del. 2004).
· cites it 2× “§ 44107 (a)(2) and 14 C.F.R. §§ 49.41 and 49.51. 11 The Pacific Propeller Court then states: “It is not clear how liens that arise by operation of law, and not by the agreement of the parties (and thus without an ‘instrument’ that is ‘delivered’), fit within the scope of Section…”
In Re Holiday Airlines Corp., 620 F.2d 731 (9th Cir. 1980).
“Section 1403 refers to any "instrument executed for security purposes" and to any "other instrument (that) affects the title to, or any interest in, any aircraft engines, propellers, or appliances .”
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