[Code of Federal Regulations]

[Title 14, Volume 1]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR49.45]



[Page 926-927]

 

                     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



[[Page 927]]



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]