Convention on International Interests in Mobile Equipment Act, 2007 (Act No. 4 of 2007SchedulesSchedule 2 : ProtocolChapter II : Default Remedies, Priorities and AssignmentsArticle XIV - Modification of priority provisions |
| (1) | A buyer of an aircraft object under a registered sale acquires its interest in that object free from an interest subsequently registered and from an unregistered interest, even if the buyer has actual knowledge of the unregistered interest. |
| (2) | A buyer of an aircraft object acquires its interest in that object subject to an interest registered at the time of its acquisition. |
| (3) | Ownership of or another right or interest in an aircraft engineshall not be affected by its installation on or removal from an aircraft. |
| (4) | Article 29 (7) of the Convention applies to an item, other than an object, installed on an airframe, aircraft engine or helicopter. |