ATF Definition: Responsible Personby National Gun Trusts
Person. A partnership, company, association, trust, corporation, including each responsible person associated with such an entity; an estate; or an individual.
Responsible Person. In the case of an unlicensed entity, including any trust, partnership, association, company (including any Limited Liability Company (LLC)), or corporation, any individual who possesses, directly or indirectly, the power or authority to direct the management and policies of the trust or entity to receive, possess, ship, transport, deliver, transfer or otherwise dispose of a firearm for, or on behalf of, the trust or legal entity. In the case of a trust, those persons with the power or authority to direct the management and policies of the trust includes any person who has the capability to exercise such power and possesses, directly or indirectly the power or authority under any trust 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. Examples of who may be considered a responsible person include settlors/grantors, trustees, partners, members, officers, directors, board members, or owners. An example of who may be excluded from this definition of responsible person is the beneficiary of a trust, if the beneficiary does not have the capability to exercise the enumerated powers or authorities.
Other NFA Gun Trust and ATF Related Blog Posts
Are our NFA Gun Trusts Perpetual Trusts or Dynasty Trusts?
Our NFA Gun Trusts include language that will extend your gun trust as long as legally possible and in certain states...
ATF NFA Branch COVID-19 Hours
During the Coronavirus COVID-19 shutdowns the ATF NFA branch is still open and the hours are still the same and shown...
How Long are Passport Photos Valid for use with ATF Tax Stamp Applications?
According to the ATF, passport photos must be taken within 1 year prior to the date of application. Excerpt from t...