Quoted:
So i could go to my local fun shop and have him order me a 203 reciever from LMT and than fill out all the proper paper work and than buy the rest of the parts? I heard the barrel was controled and to purchase that I needed to have the proper paperwork?
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No, only the receiver is controlled. Everything else is just parts. Some dealers may want to see an approved Form 1 before they sell you a barrel, but that is not law, just them covering themselves.
You could contact LMT, but I don't think LMT will help you. I don't think LMT sells stripped receivers, they register the receivers right away to build full DD M203s. You could certainly contact them and ask, but don't expect much. The trouble is that operations at this level have a somewhat automated "path". It's highly likely that the registration paperwork was sent in and approved before the receiver is even manufactured, making it impossible for them to even have a stripped M203 receiver that is not already registered as a DD. Make sense?
Try mr40mm.com or Kent Lomont. Both these guys usually have stripped M203 receivers. Be prepared though, Mr 40mm makes his own, though very high quality and they go for about $2200. Kent Lomont, last time I checked, had only Colt stripped receivers, which means about $3000 or more. This is not a cheap thing to do, obviously.
If you want a true 40mm M203, then yes, you need to buy the receiver, submit the Form 1 and $200 making tax, then buy the barrel AFTER it comes back approved. Only the barrel makes it a DD, so any of the other parts are okay to buy without an approved Form 1. This is also how to go about building your own M79.
If the M203 receiver is already a registered DD, then you could still do it, it would just take a few extra steps and a lot more time. The owner of an existing M203 DD can separate the barrel from the receiver (and I mean like sell the barrel, get it far away from the receiver) and send a letter to ATF NFA Branch explaining that the DD has been disassembled to Title I status and request that it removed from the NFA Registry. Once that confirmation letter arrives from NFA Branch, that stripped M203 receiver can then be sold to anyone just as any standard rifle, pistol or shotgun. But be aware, this is federal law. Your state law may define DDs differently than the feds, so check that out first.
This principle, by the way, is the same for an SBS/AOW. A Short-Barrelled Shotgun, as the name clearly states, is a "shotgun" and by definition a shoulder-fired weapon. An AOW created from a shotgun receiver is not actually a shotgun at all, it's considered a "smooth-bore pistol." A virgin, never-before-built shotgun receiver or a built shotgun receiver that has never had a buttstock attached has not yet been defined as a "shotgun" because the lack of a buttstock prevents it from meeting the definition of "shotgun." Until a stock is attached, it's in a bit of legal limbo and that can be exploited in the form of an AOW. An M203 receiver is exactly the same principle. Without the defining characteristics of a 40mm barrel, the M203 receiver cannot yet meet the definition of a DD. It still meets the definition of a "firearm", just nothing further. The difference though is that once a receiver, any receiver, has a stock attached, it can no longer avoid being defined as "shoulder-fired" and this status is irrevocable. An M203 receiver can become a DD with the addition of a barrel and it can revert back to Title I status by removing the barrel and removing the weapon from the NFA Registry.
And to bring these two things together, looking at the definition of a DD and applying it to shotguns, ANY 12-gauge shotgun receiver (Title I or existing AOW or SBS) to which is added a RIFLED (slug) barrel less than 18" in length becomes a DD. The presence of a rifled, NFA length barrel meets the definition of a DD because of the rifled bore greater than .5" in diameter.