Deregistering a plane?

[MontanaMan]

Hi Folks: I'm looking to buy an ultralight that was registered because the owner built it up heavy. I'm thinking of buying it and stripping it back down to be as light as it was designed to be (smaller engine, landing gear, less fabric, etc). Basically, the only thing that I won't modify is the welded airframe. I'll sell all the stuff I remove from the plane.

Then I'd like to de-register it with the FAA. I know they have a procedure for planes that have been "Parted out".

Anybody know what's involved in that?

Thanks!

 

[Toobuilder]

 

[MontanaMan]

 

[Toobuilder]