[Code of Federal Regulations]
[Title 14, Volume 2]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR91.1014]

[Page 587]
 
                     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. 91.1014  Issuing or denying management specifications.

    (a) A person applying to the Administrator for management 
specifications under this subpart must submit an application--
    (1) In a form and manner prescribed by the Administrator; and
    (2) Containing any information the Administrator requires the 
applicant to submit.
    (b) Management specifications will be issued to the program manager 
on behalf of the fractional owners if, after investigation, the 
Administrator finds that the applicant:
    (1) Meets the applicable requirements of this subpart; and
    (2) Is properly and adequately equipped in accordance with the 
requirements of this chapter and is able to conduct safe operations 
under appropriate provisions of part 91 of this chapter and management 
specifications issued under this subpart.
    (c) An application for management specifications will be denied if 
the Administrator finds that the applicant is not properly or adequately 
equipped or is not able to conduct safe operations under this part.