New Gun Trust Rules Published and Will Be Effective June 28, 2016

By Justin Stakes

United States -(AmmoLand.com)- The Department of Justice started the New Year with a January 4, 2016 long awaited final ruling amending the BATF’s rules for NFA Firearms Trusts.

The new federal regulations will go into effect in 180 days, being approximately June 29, 2016, so ACT NOW TO TAKE ADVANTAGE OF THE CURRENT RULES!

The new regulations will amend the BATF’s Form 1 (for making a NFA firearm such as a SBR) and Form 4 (for acquiring a NFA device such as a suppressor) to require an FBI fingerprint card and a 2″x2″ current photo for each “Responsible Persons” listed on a Trust, Partnership, Corporation, or other Entity applicant.

“Responsible Persons” is very broadly defined to include “any grantor, trustee, beneficiary, partner, member, officer, director, board member, owner, shareholder or manager who possesses, directly or indirectly, the power or authority under any trust instrument, contract, agreement, article, certificate, bylaw, or 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 or entity.”

Reports that the new regulation will NOT apply to trust “beneficiaries” are wrong, because …Read the Rest

Source:: AmmoLand