Sec. 206. Prohibition on N–Number profiteering
142 words·~1 min read·
/bill/118/hr/3935/eh/section-206·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 44103 of title 49, United States Code, is amended by adding at the end the following: No person may reserve an aircraft registration number without certifying that such person intends to use such registration number— immediately on a specific aircraft; or for future use on an aircraft owned or controlled, or intended to be owned or controlled, by such person. A person may transfer a reserved aircraft registration number to another person if— the transferor certifies that the aircraft registration number is relinquished willingly and at a cost to the transferee that does not otherwise exceed the amount paid by the transferor to reserve such number; and the transferee— certifies that the transferor did not impose a dollar cost on the transfer that exceeds the amount provided for in subparagraph (A); and complies with the certification requirement under paragraph (1). .