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Posted: 4/28/2009 9:14:24 AM EDT
So that unsuspecting individuals, especially Missourians, are not caught in a trap, be aware that a trust CANNOT be issued a C&R License.  If you look under the CFR for the definition of "person" in the licensing portion, a trust is NOT listed, unlike the definition of a person for NFA firearm ownership. I have written a more explanatory article here: http://blog.princelaw.com/2009/4/28/can-a-gun-nfa-trust-be-issued-a-curios-and-relics-license
Link Posted: 4/28/2009 10:36:29 AM EDT
What if your C&R is a SBR?
Link Posted: 4/28/2009 10:46:45 AM EDT
He means a C&R license can't be issued to a trust.
Link Posted: 4/29/2009 2:42:32 PM EDT
Originally Posted By joshuap:
So that unsuspecting individuals, especially Missourians, are not caught in a trap, be aware that a trust CANNOT be issued a C&R License.  If you look under the CFR for the definition of "person" in the licensing portion, a trust is NOT listed, unlike the definition of a person for NFA firearm ownership. I have written a more explanatory article here: http://blog.princelaw.com/2009/4/28/can-a-gun-nfa-trust-be-issued-a-curios-and-relics-license


That's nothing new, but LLCs can be issued C&Rs
Link Posted: 4/30/2009 5:45:11 PM EDT
Originally Posted By joshuap:
So that unsuspecting individuals, especially Missourians, are not caught in a trap, be aware that a trust CANNOT be issued a C&R License.  If you look under the CFR for the definition of "person" in the licensing portion, a trust is NOT listed, unlike the definition of a person for NFA firearm ownership. I have written a more explanatory article here: http://blog.princelaw.com/2009/4/28/can-a-gun-nfa-trust-be-issued-a-curios-and-relics-license


Yeah, that's been known for quite some time.
Link Posted: 4/30/2009 6:48:19 PM EDT
A LLC can be owned by a trust as well.
Link Posted: 4/30/2009 7:45:33 PM EDT
Originally Posted By Mad_Professor:
A LLC can be owned by a trust as well.


can that trust be owned by another LLC which is owned by another trust? lol
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