Chapter I. General
Article 1
This Regulation is enacted in accordance with Article 20-1, of the Civil Aviation Act (hereinafter referred to as the Act).
Article 2
The provisions of this Regulation shall apply for aircraft registration, unless otherwise provided in The Act or other laws.
Article 3
With respect to depository, establishment, transfer, change, disposition or elimination of the following rights, aircraft shall process for registration of:
1) ownership.
2) the right to mortgage.
3) the right to lease.
Article 4
Registrations called for in the preceding Article shall not be taken as to counter a third party, unless so registered.
Article 4-1
The Civil Aviation Administration, Ministry of Transportation and Communications (hereinafter referred to as CAA) shall keep a registry to record uniform entries of various registrations completed.