Who can be in possession of corporate owned NFA items? Is it officers of the corporation only, or would employees of the corporation be legal to possess as well?
Any references to the precise controlling statue or regulation would be appreciated.
good question, i'm getting ready to get the ball going. this will be good to know...
Anyone who works for the company and is authorized by an RP to be in possession. I'm sure there are certain restrictions, sch as able to possess firearms, but other than that I don't think there are any real restrictions. I never had to sign anything to possess NFA weapons for my old job.
I did have to fill out an employee possessor form, but that was to be in possession of explosives.
My corporations' boards of directors passed resolutions specifically listing which board members and full-time employees of the corps could possess and use corporate NFA assets.
The board members and employees carry a notarized copy of the relevant resolution, along with copies of the relevant Form 4's, whenever they have possession of the corporation's NFA assets.
Never a problem, in over a decade.
YMMV.
From ATF Newsletter, March 2006 page 8:
".... a temporary loan of a
firearm to a corporate officer, director, or
employee of the FFL for purposes related to
the firearms business does not require any
paperwork. Custody of the firearm for
business purposes, such as for display or
demonstration, does not result in an FFL
transfer of a firearm to another person for
purposes of the Gun Control Act."
http://www.atf.gov/publications/newsletters/ffl/ffl-newsletter-2006-03.pdfThanks all.
Originally Posted By bigcbass:
From ATF Newsletter, March 2006 page 8:
".... a temporary loan of a
firearm to a corporate officer, director, or
employee of the FFL for purposes related to
the firearms business does not require any
paperwork. Custody of the firearm for
business purposes, such as for display or
demonstration, does not result in an FFL
transfer of a firearm to another person for
purposes of the Gun Control Act."
http://www.atf.gov/publications/newsletters/ffl/ffl-newsletter-2006-03.pdf
I think OP means Corps that own NFA firearms and are not FFLs.
Gotya.
