What are the legal requirements for aircraft ownership transfer?

Transfer of aircraft ownership in South Carolina is governed by Chapter 54 of the state’s Code of Laws. To legally transfer aircraft ownership, the seller must complete an Aircraft Bill of Sale and Affidavit that identifies the aircraft and the buyer. The seller must also include information about the aircraft’s serial number, make, model, place of registration, and the N-number associated with the aircraft. The bill of sale must also provide the date of sale and the total purchase price of the aircraft. In addition, the seller must provide a sworn affidavit that states that the seller has full legal authority to sell the aircraft and that the aircraft has no “liens, mortgages, or encumbrances of any kind.” The seller must also provide a copy of a current Certificate of Aircraft Registration that has been surrendered and cancelled by the seller. The buyer must then register the aircraft by filing an application for Aircraft Certificate of Registration with the South Carolina Division of Aeronautics. The application must include the date of sale, total purchase price, and a copy of the bill of sale and affidavit. The Division of Aeronautics will issue the buyer an Aircraft Certificate of Registration if the application is approved. Transfer of aircraft ownership must be properly documented to ensure that the legal requirements are met. Both the seller and buyer are responsible for ensuring that the sale is properly documented to protect their rights and maintain the aircraft’s status. Therefore, it is important for all involved parties to consult with an attorney to ensure that all of the legal requirements for transferring aircraft ownership in South Carolina are properly met.

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What are the legal requirements for aircraft ownership transfer?

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