Method of recording.
Section 40
SEC. 40. Method of recording.—The Administrator shall record conveyances delivered to it in the order of their receipt, in files kept for that purpose, indexed to show: the identifying description of the aircraft; the names of the parties to the conveyance; the date of the instrument and the date and time it is recorded; the interest in the aircraft transferred by the conveyance; if such conveyance is made as security for indebtedness, the amount and date of maturity of such indebtedness; and all particular estates, mortgages, liens, leases, orders and other encumbrances and all decrees, instruments, attachments, or entries affecting aircraft and other matters properly determined under this Act.