After stewing over ATF 41F for a few days, the rule is finally starting to make sense to me, at least the definition of the so-called “responsible person” in a gun trust. Of course, it has always been obvious that a Grantor/Trustee of a gun trust is a “responsible person” or RP. However, it seems […]
Having read the relevant parts of the 41F document released Monday, December 4th, here are some of my thoughts. First, the actual rule: 479.11 Meaning of terms. * * * Person. A partnership, company, association, trust, corporation, including each responsible person associated with such an entity; an estate; or an individual. * * * Responsible […]
So Attorney General Loretta Lynch put her pen to paper yesterday, and the ATF’s proposed rule 41P became its final rule 41F–with modifications. Here’s my first take: There’s best news, good news, and bad news. The best news is two-fold: 1. the final rule does not become effective until 180 days after its publication in the Federal […]