Eligibility for Registration.
Section 44
SEC. 44. Eligibility for Registration. — Except as Otherwise provided in the Constitution and existing treaty or treaties, no aircraft shall be eligible for registration unless it is owned by or leased to a citizen or citizens of the Philippines or corporations or associations organized under the laws of the Philippines at least sixty per centum (60%) of whose capital is owned by Filipino citizens. That, under such rules and regulations to be promulgated by the Board, foreign-owned or registered aircraft may be registered if utilized by members of aero clubs organized for recreation, sport or the development of flying skills as a prerequisite to any aeronautical activities of such clubs within the Philippine airspace. (R. A. 776, P.D. 1278, E.O. 546, and B.P. 504) Such certificate shall be conclusive evidence of nationality for international purposes, but not in any proceeding under the laws of the Republic of the Philippines. The certificate of registration is conclusive evidence of ownership, except in a proceeding where such ownership is, or may be, at issue.