SENATE'S GUN CONTROL READING * LIVE

Yep and they would be considered prohibited persons and would not pass because they are under 18.

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Originally Posted by XC700116

It needs to be done before it goes into effect, because the trust transfer is killed in an amendment to the bill.

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True.

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Originally Posted by th3w01f

This looks like the trust portion. Does this mean that my 6 and 9 year olds will have to do background check when transferring firearms into the trust since they're the beneficiaries?

(b) AS USED IN THIS SECTION, UNLESS THE CONTEXT REQUIRES
17 OTHERWISE, "TRANSFEREE" MEANS A PERSON WHO DESIRES TO RECEIVE OR
18 ACQUIRE A FIREARM FROM A TRANSFEROR. IF A TRANSFEREE IS NOT A
19 NATURAL PERSON BUT A CORPORATION, ASSOCIATION, PARTNERSHIP, OR
20 LIMITED LIABILITY COMPANY OR TRUST, THE REQUIREMENT DESCRIBED IN
21 THIS SUBSECTION (1) SHALL BE INTERPRETED TO REQUIRE A BACKGROUND
22 CHECK OF EACH MEMBER, PARTNER, OFFICER, OR OTHER PERSON WHO
23 HOLDS A BENEFICIAL INTEREST IN THE CORPORATION, ASSOCIATION,
24 PARTNERSHIP, OR LIMITED LIABILITY COMPANY OR TRUST.

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Most likely since they are not old enough to own firearms, you can't even buy them with the trust until they are old enough, because yes, the way the text of the bill is written, they'd need a BGC and Fed/CBI will deny them due to age.

here we go...1228

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Originally Posted by MAP

A solution may be to put all of your firearms in a Trust so that you and your husband have equal access.

Mike

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Originally Posted by jslo

Have not seen the text for myself but someone here on the floor said something to the effect it would not have to be transferred if it did not leave the home.

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I still don't understand how this affects us if I am out of town for a week or more. I thought they specifically excluded trust "transfers." Someone help me understand how if my wife is already a trustee she cannot possess the guns? How adding my best friend of 22 years to my trust temporarily is not allowed? How would this affect beneficiary receipt of the guns if both my wife and I die?

(FWIW, I was distracted while writing and missed the last 20 posts before posting)

not up on my screen, still says they are at lunch

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Originally Posted by lowbeyond

Nope. There is no grandfathering language. What it says is that even though items are in a trust you still need a BCG to transfer them between members of the trust.

SHALL BE INTERPRETED TO REQUIRE A BACKGROUND
22 CHECK OF EACH MEMBER, PARTNER, OFFICER, OR OTHER PERSON WHO
23 HOLDS A BENEFICIAL INTEREST IN THE CORPORATION, ASSOCIATION,
24 PARTNERSHIP, OR LIMITED LIABILITY COMPANY OR TRUST.

Now of course that is what the law says. It is up to you if you want to comply.

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Put the lines 17-21 in front of that, it's on acquisition/transfer, not previously held. IE Trust/Trustees already own it, same as private party. For instance, you nor I have to go out and get BGC's for every gun we already own. So as long as it's already owned by the trust/trustees, it's not applicable. BUT every new addition is.

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Originally Posted by XC700116

Most likely since they are not old enough to own firearms, you can't even buy them with the trust until they are old enough, because yes, the way the text of the bill is written, they'd need a BGC and Fed/CBI will deny them due to age.

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OK, that really makes things a mess since I'm waiting on 2 NFA items that will not be here before 7/1.

link! I need a link!

well, they aprove the 1229 right?