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Tag: legal trusts

ATF Proposes Closing Loophole for People Obtaining Guns though Corporations or Legal Trusts

Steve Neavling
ticklethewire.com

ATF is proposing to end a loophole that allows people to obtain weapons such as machine guns though corporations or legal trusts without a background check, Courthouse News Service reports.

Anyone wanting to buy a gun is required to file a photo and fingerprint card with the ATF and a local law enforcement agency.

But that’s not the case “if the applicant or transferee is a partnership, company, association, trust or corporation,” Courthouse News Service reported.

The number of those legal organizations increased from 840 in 2000 to 40,700 in 2012, according to the agency.

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