Each flying club that any time during a preceding calendar year has five or more members shall register annually with the commissioner. This registration must report conditions as of December 31 of each year, and must be filed with the commissioner by January 31 of each year. This registration report must include the following:
the name and address of the flying club, the airport or airports at which its aircraft are based, and the make, model year, "N" number, and current Minnesota registration decal number of the aircraft that the club either owned or used during the past calendar year;
the form of organization of the flying club (for example, a corporation or partnership);
the name and title, home address and telephone number, and business address and telephone number of the contact person for the club;
the name of the club's insurance company, the policy number and its expiration date, and the amounts and types of coverage;
the amount or share in club assets held by each member of the club; and
a statement describing what remuneration was paid to members of the club, monthly and annually, during the preceding calendar year, or preceding fiscal year, as the case may be; a description of the services rendered by remunerated members to the club; and a description of the goods sold by remunerated members of the club.
October 2, 2007
Copyright © 2007 by the Revisor of Statutes, State of Minnesota. All rights reserved.