Ok, most all of us have now herd about using a trust to deal with CLEOS that will not sign the Form1/4s. It's right there in black and white on page 3 of the form.
1. Definitions
d. Person. The term "person" means a partnership, company, association, trust , estate, or corporation as well as a natural person.
What I need to know is where in the US Code is that located?
The U.S.C. and Trusts
- L1A1Rocker
- Silent But Deadly
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In 26 USC 7701(a)(1):
(a) When used in this title, where not otherwise distinctly expressed or manifestly incompatible with the intent thereof—
(1) Person
The term “person” shall be construed to mean and include an individual, a trust, estate, partnership, association, company or corporation.
That's my guess, anyway.
(a) When used in this title, where not otherwise distinctly expressed or manifestly incompatible with the intent thereof—
(1) Person
The term “person” shall be construed to mean and include an individual, a trust, estate, partnership, association, company or corporation.
That's my guess, anyway.
- L1A1Rocker
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- L1A1Rocker
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There really is not any wriggle room for interpretation on the definiation of a person. It is set by U.S. Code not interpretated by an agency. It would take a change in the law from congress. Not saying that there couldn't be a change and no longer allow trusts but it would not invalidate any trusts that already own NFA items. "there shall be no expostfacto law"!!
You still have to do the background check AFAIK. There really isn't anything to gain.no4mk1t wrote: Which sparks another thought. Has anyone bought a rifle/pistol/shotgun from their local gunshop on a trust? If so, how did you go about it? I can see my local shop owner saying, "are you nucking futs, you can't do that!"
Suspicion Breeds Confidence
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