Sale of aircraft, use of proceeds — return to owner, when
Effective Aug 28, 2020(L. 2020 H.B. 1963)
- 1. If the aircraft is sold, the airport superintendent shall satisfy the airport superintendent's lien, plus the reasonable expenses of notice, advertisement, and sale from the proceeds of the sale.
- 2. The balance of the proceeds of the sale, if any, shall be held by the airport superintendent and delivered on demand to the owner of the aircraft.
- 3. If no person claims the balance within twelve months of the date of sale, the airport shall retain the funds and use the funds for airport operations.
(L. 2020 H.B. 1963)