Robert Reed
Joined: 22 Oct 2009
Posts: 331
Location: Dallas/Ft.Worth
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 Posted: Thu Jan 24, 2013 7:30 am Post subject: KIS Forum: Selling your plane? |
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I received this as from the Pulsars Newsgroup and thought it might be of interest:
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With so many Pulsars changeing hands as completed units and some partly completed I felt some new owners would find this article interesting
Extract
Regulations Involving the Sale of Your Amateur-Built
There are few regulations governing a sale of your airplane. The airworthiness certificate is transferable with the airplane even though it is experimental. ([b]FAR 21.179) states that the proper bill of sale and registration documents must be completed when you sell the airplane. Of particular interest is the fact that the new owner may maintain the newly purchased airplane, but may not perform the condition check. The repairman’s certificate is not transferred with the airplane. It remains with the original primary builder. That person legally may still perform the condition check if you can persuade them to do so. If you are purchasing a partially completed kit you need to obtain the proper documentation to ensure you will meet the major portion rule. FAA Advisory Circular 20-27D has the following warning: "CAUTION: Purchasers of partially completed kits should obtain all fabrication and assembly records from the previous owner(s). This may enable the builder who completes the aircraft to be eligible for amateur-built certification." Once again, a call to your FAA Inspector will prevent future problems. The time spent by the original builder is usually applied toward the total time required to build the airplane. Documentation is necessary.[/b]
Complete Article
http://www.sportair.com/articles/Rules%20&%20Regulations%20of%20Airplane%20Building.html
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