Section 52March 04, 2008, Sec./Art. 52

Method of Recording. - The Authority shall record conveyances delivered to it in the order of their receipt, in files kept for that purpose, indexed to show:

(a) The identifying description of the aircraft;

(b) The names of the parties to the conveyance;

(c) The date of the instrument and the date and time it is recorded;

(d) The interest in the aircraft transferred by the conveyance;

(e) If such conveyance is made as security for indebtedness, the amount and date of maturity of such indebtedness; and

(f) All particular estates, mortgages, liens, leases, orders and other encumbrances and all decrees, instruments, attachments or entries affecting aircraft and other matters properly determined under this Act.