28-8381. Definition of aircraft dealer In this article, unless the context otherwise requires, " aircraft dealer" means a person who is either: 1. Engaged in the business of buying, selling or exchanging aircraft. 2. Offering to assist another person with the purchase, sale or exchange of an aircraft for compensation.
28-8382. License requirement; application; renewal; license tax; liability A. A person shall not act as an aircraft dealer without first obtaining a license from the director that authorizes the person to engage in the business of an aircraft dealer. B. A person shall apply for a license on forms prescribed or authorized by the director. […]
28-8383. Aircraft dealer duties A. An aircraft dealer shall both: 1. Obtain a tax privilege license from this state. 2. Notify the department within ten days after the purchase or sale of an aircraft or after accepting an aircraft on consignment and file this notification whether or not the aircraft dealer takes title to the […]
28-8384. Bond or cash deposit A. The aircraft dealer shall file with the department a continuous corporate surety bond for the benefit of this state or a cash deposit as prescribed in section 35-155 in the sum of ten thousand dollars that is conditioned on the faithful performance of all sales contracts or agreements and […]
28-8385. Records A. An aircraft dealer shall make and retain for three years records that the director may prescribe as being reasonably necessary to substantiate the reports required by this article. B. The records may include copies of inventories, receipts or consignment contracts. C. The director may inspect and copy these reports during normal business […]
28-8386. Violation; classification A person is guilty of a class 6 felony if the person either: 1. Acts as an aircraft dealer without obtaining an aircraft dealer’s license. 2. Knowingly fails to give the notification prescribed by section 28-8383, subsection A, paragraph 2.
