Arizona_Mike
Member
- Joined
- Feb 15, 2013
- Messages
- 3,452
Several sites have hinted that it may be able to define a lesser type of trustee who can possess but not authorize others to possess, purchase or sell NFA weapons, analogous to a lesser employee of a corporation, that would not fall under the new definition of a "responsible person".
Does anyone know how far people have gotten on this?
From 41F (emphasis mine):
Mike
Does anyone know how far people have gotten on this?
From 41F (emphasis mine):
DOJ has also clarified that the term "responsible person" for a trust or legal entity includes those persons who have the power and authority to direct the management and policies of the trust or legal entity to receive, possess, ship, transport, deliver, transfer, or otherwise dispose of a firearm for, or on behalf of, the trust or entity. In the case of a trust, those with the power or authority to direct the management and policies of the trust include any person who has the capability to exercise such power and possesses, directly or indirectly, the power or authority under any trust instrument, or under State law, to receive, possess, ship, transport, deliver, transfer, or otherwise dispose of a firearm for or on behalf of the trust.
Mike