Quote Originally Posted by Circuits View Post
It will not only affect trust purchases, but those of corps, partnerships and all other non-person legal entities as well.

The proposal is that any person with access to the NFA items will need to have a CLEO signoff and send in pics and prints, both when the entity acquires new NFA items, and when new persons with access are added to the trust or partnership, or authorized by the corp.

That is the wording of the proposed ruling, "-41P", and it's what we've got to go off of until/unless it gets altered if/when the official rule changes are promulgated.
I have heard this as well, but I have also heard the LCEO sign-off will go away completely for all sale types vs sign off. In return, all sheriff's receive notification when the transfer is completed. Not being able to find an official copy of the EO, I don't know which is correct. Requiring CLEO sign-off is a problem, and a big one. This gives sheriff's the ability to restrict sales where no law giving them this power exists. NFA was never meant to authorize this power to sheriffs. An EO cannot arbitrarily add this power nor alter the law as it stands. The rest is procedural and EO can alter this. So, I suspect the wording on this EO won't be released until the last minute and I will be very interested in seeing what happens with the CLEO signing.