Wrong! I think you mean absolute and unadulterated fact!
RPRA Rules 93 - 96. As long as you have proof of ownership, the bird is yours regardless of to whom the ring is registered. For example, if you buy a bird, and get a valid receipt conferring ownership, the bird is yours from that point. You may not register the ring for another 6 months, but the bird remains your property during that time. If, however, you want to enter that bird in a show or race, the bird must be owned by you, and the ring must be registered in your name!