Quote:
Originally Posted by Maine04657
That is why they are called NFA trusts and not trusts. NFA items are not NORMAL either in regulation or logic. Feel free to call the ATF and ask them or any lawyer who deals with them.
|
An NFA trust is just a trust that holds NFA items. The trust is the owner. But it's still just a trust. It can own a silencer, a machine gun, 500 acres of farmland, and a cruise ship. Still just a trust.
The trust is created, and all the terms of the trust defined, before the trust owns any NFA items. The stuff the trust owns can't change the terms of the trust.
Indiana law specifies that the settlor has the authority to amend or revoke a trust unless that trust expressly provides that the trust is irrevocable. The naming of trustee(s) is part of the trust, and therefore the trustee(s) can be amended. (
IC 30-4-3-1.5)
So please, if you have an ATF ruling that states differently, share it. Otherwise I'm going to have to believe the law of my state.