Federal · Title 49 — Transportation
49 U.S.C. § 44112: Limitation of liability
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“lessor” means a person leasing for at least 30 days a civil aircraft, aircraft engine, or propeller. “owner” means a person that owns a civil aircraft, aircraft engine, or propeller. “secured party” means a person having a security interest in, or security title to, a civil aircraft, aircraft engine, or propeller under a conditional sales contract, equipment trust contract, chattel or corporate mortgage, or similar instrument. the aircraft, engine, or propeller; or the flight of, or an object falling from, the aircraft, engine, or propeller.
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