North Dakota Code 57-40.5-04 – Purchaser to furnish aircraft purchaser’s certificate to director of aeronautics
Current as of: 2023 | Check for updates
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Any person acquiring an aircraft shall complete an “aircraft purchaser’s certificate” in the form the director prescribes, showing a complete description of the aircraft, the seller’s name and address, the buyer’s name and address, the full purchase price of the aircraft, with no trade-in of aircraft or other property allowed and whether the aircraft was the subject of a gift or inheritance, and any other information that the director may require.
Terms Used In North Dakota Code 57-40.5-04
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49