TITLE 45

LIENS, MORTGAGES AND PLEDGES

CHAPTER 11

AIRCRAFT IMPROVEMENT LIENS

45-1104.  Persons considered owner of aircraft or related equipment, or authorized agent of owner. The following persons are considered the owner of an aircraft or related equipment, or the authorized agent of the owner, for the purposes of this chapter:

(1)  A person in possession of the aircraft or related equipment under an agreement to purchase it, whether title to the aircraft or related equipment is in the possession of the person or the vendor;

(2)  A person in lawful possession of the aircraft or related equipment.

History:

[45-1104, added 2002, ch. 371, sec. 1, p. 1044.]