---
kind: "section"
citation: "14 C.F.R. § 91.1005"
title: "14"
number: "91.1005"
heading: "Prohibitions and limitations."
url: "https://uscodex.org/cfr/14/91.1005"
---

# §91.1005. Prohibitions and limitations.

- (a) Except as provided in [§ 91.321](/cfr/14/91.321.md) or [§ 91.501](/cfr/14/91.501.md), no owner may carry persons or property for compensation or hire on a program flight.
- (b) During the term of the multi-year program agreements under which a fractional owner has obtained a minimum fractional ownership interest in a program aircraft, the flight hours used during that term by the owner on program aircraft must not exceed the total hours associated with the fractional owner's share of ownership.
- (c) No person may sell or lease an aircraft interest in a fractional ownership program that is smaller than that prescribed in the definition of “minimum fractional ownership interest” in [§ 91.1001(b)(10)](/cfr/14/91.1001.md?p=b-10) unless flights associated with that interest are operated under part [121](/cfr/14/part121.md) or [135](/cfr/14/part135.md) of this chapter and are conducted by an air carrier or commercial operator certificated under [part 119](/cfr/14/part119.md) of this chapter.

## Notes

### Source

Source: Docket FAA-2001-10047, 68 FR 54561, Sept. 17, 2003, unless otherwise noted.

### Authority

Authority: 49 U.S.C. 106(f), 40101, 40103, 40105, 40113, 40120, 44101, 44111, 44701, 44704, 44709, 44711, 44712, 44715,44716, 44717, 44722, 44740, 46306, 46315, 46316, 46504, 46506-46507, 47122, 47508,47528-47531, 47534; Pub. L. 112-95, 126 Stat. 11; Pub. L. 114-190, 130 Stat. 615 (49 U.S.C. 44703 note); sec. 828, Pub. L. 118-63, 138 Stat. 1330 (49 U.S.C. 44703 note); articles 12 and 29 of the Convention on International Civil Aviation, 61 Stat. 1180.