Re: Light-Sport Aircraft Yahoo group Question

Hi Eric,

Bad news.  The previous owner is not off the hook just yet.  He needs to send in a bill of sale to make sure they know that *you* are now the current and you can do anything you want with it.   If the transaction is not completed, the previous owner will be listed as the current owner until it all gets straightened out.  I don't know what the tax situation is in your state, but the previous owner may get a tax bill.  That will alert him that he needs to do something. :)  That airplane won't disappear until it is officially scrapped by you.  And, BTW, you're probably the last owner unless you can find another sucker.  By tearing off the data plate and N-number, you have greatly decreased the resale value.

 

Jim

 

 

----- Original Message -----

From: Eric Shannon

To: Sport_Aircraft@yahoogroups.com

Sent: Thursday, July 30, 2009 7:03 PM

Subject: Light-Sport Aircraft Yahoo group Question

 

I just bought a Quicksilver "ultralight", the owner had it registered experimental and it had an N-number. He did this because it was a little over-weight, the weight is the only thing that makes it non-part 103. My question is, do I legally have to notify the FAA and let them know I purchased this aircraft? I already took the data plate and N-numbers off of the plane as I plan to fly it as an ultralight. I just want to be sure that the previous owner is "off the hook" so to speak as being responsible for the plane.

Thanks,
Eric

__._,_.___

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___