Within 20 days after the sale, the legal owner may redeem the aircraft so sold upon the payment of the amount of the lien, all costs and expenses of sale, and interest on such sum at the rate of 12 percent a year from the date it became due or the date when the amounts were advanced until the repayment.
§ 1208.68.Redemption of Sold Aircraft
Title 4. Of the Enforcement of Liens · Chapter 5. Liens on Aircraft · Enacted 1953 · no amendments on record · Last verified July 29, 2026
In one sentenceSection 1208.68 gives the legal owner 20 days after an aircraft lien sale to redeem the aircraft by paying the lien amount, the costs and expenses of the sale, and 12 percent annual interest running from the date the debt became due or the funds were advanced.
Full Text of § 1208.68
Plain-English Summary
A completed lien sale isn't necessarily the end of the road for the legal owner. This section gives the owner a 20-day window after the sale to redeem the aircraft — get it back — by paying the full amount of the lien, all the costs and expenses the sale generated, and interest on that sum.
That interest runs at 12 percent a year, calculated from either the date the underlying amount became due or the date it was advanced, up through the date of repayment. Redemption is available regardless of whether the buyer at the sale was a third party or the lienholder itself.
Frequently Asked Questions
How long does the legal owner have to redeem an aircraft sold to satisfy a lien?
20 days after the sale.
What must the owner pay to redeem the aircraft?
The amount of the lien, all costs and expenses of the sale, and interest at 12 percent a year running from the date the amount became due or was advanced until repayment.
Amendment History
Added by Stats. 1953, Ch. 52.
Source & verification. Section text is reproduced verbatim from
the Deering's California Codes Annotated / vLex. Enacted by the California Legislature.
Last verified July 29, 2026.
· Official source
Also known as: redeeming aircraft after lien sale california