PDA

View Full Version : Procedural Question


gunsmoke
September 22, 2011, 23:22
Regarding pre 86 SAMPLES. When SOT surrenders LIC those samples riding on FORM 3s have to be form 4'd to the SOT holder correct?

Reason I ask is I live in a state where the CLEOs (Shriffs by Constitution) have locked arms and refuse to sign off on the Form 4 EVEN THOUGH STATE LAW SPECIFICALLY AUTHORIZES "COLLECTORS OF WAR RELICS" TO POSESS NFAs.

Since a TRUST is not allowed to hold SOT I'm guessing the only way to do it is to have C, or S Corp to hold the SOT and Form 4 them to the Corp or LLC on surrender of the SOT?

AM I CORRECT?

Thanks in advance!