[Code of Federal Regulations] [Title 14, Volume 2] [Revised as of January 1, 2007] From the U.S. Government Printing Office via GPO Access [CITE: 14CFR91.1003] [Page 582-583] TITLE 14--AERONAUTICS AND SPACE CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED) PART 91_GENERAL OPERATING AND FLIGHT RULES--Table of Contents Subpart K_Fractional Ownership Operations Sec. 91.1003 Management contract between owner and program manager. Each owner must have a contract with the program manager that-- (a) Requires the program manager to ensure that the program conforms to all applicable requirements of this chapter. (b) Provides the owner the right to inspect and to audit, or have a designee of the owner inspect and audit, the records of the program manager pertaining to the operational safety of the program and those records required to show compliance with the management specifications and all applicable regulations. These records include, but are [[Page 583]] not limited to, the management specifications, authorizations, approvals, manuals, log books, and maintenance records maintained by the program manager. (c) Designates the program manager as the owner's agent to receive service of notices pertaining to the program that the FAA seeks to provide to owners and authorizes the FAA to send such notices to the program manager in its capacity as the agent of the owner for such service. (d) Acknowledges the FAA's right to contact the owner directly if the Administrator determines that direct contact is necessary.