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Old June 23, 2013, 01:38 AM   #5
Machineguntony
Senior Member
 
Join Date: June 22, 2013
Posts: 524
I'm afraid I have to agree with you, James K. I must had a long discussion with my friend the lawyer. He says he's done some more research into the matter, and he says that according to how NFA transfers work, I do NOT actually own the guns yet, even though I have paid for them. I have what is the equivalent of a contract for the dealer to deliver the guns to me once BATFE issues the stamps. This technically means that if the dealer decides to go out of business, I am out of luck. Also if the dealer decides to just screw me and take off, I can't even file a police report because the dealer technically still owns the guns. My only remedy would be to sue in civil court, which would be worthless if the dealer went out of business.

Ahhhh...six more months of worrying.
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