[Code of Federal Regulations]
[Title 14, Volume 1]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR49.45]

[Page 911]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION
 
PART 49--RECORDING OF AIRCRAFT TITLES AND SECURITY DOCUMENTS--Table of Contents
 
Subpart D--Encumbrances Against Specifically Identified Aircraft Engines 
                             and Propellers
 
Sec. 49.45  Recording of releases, cancellations, discharges, and 
satisfactions: special requirements.

    (a) A release, cancellation, discharge, or satisfaction of an 
encumbrance created by an instrument recorded under this subpart must be 
in a form equivalent to AC Form 8050-41 and contain a description of the 
encumbrance, the recording information furnished to the holder at the 
time of recording, and the collateral released.
    (b) If more than one engine or propeller, or both, are listed in an 
instrument, recorded under this subpart, that created an encumbrance 
thereon and all of them are released, they need not be listed by serial 
number, but the release, cancellation, discharge, or satisfaction must 
state that all of the encumbered engines or propellers are released. The 
original recorded document must be clearly identified by the names of 
the parties, the date of FAA recording, and the document date.

[Doc. No. 1996, 29 FR 6486, May 19, 1964, as amended by Amdt. 49-7, 37 
FR 25487, Dec. 1, 1972]