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Old June 23, 2013, 09:20 AM   #8
Tom Servo
Staff
 
Join Date: September 27, 2008
Location: Foothills of the Appalachians
Posts: 10,399
Something has to be done with NFA items when a dealer goes under. His choices are basically this:
  • He can pay a $200 tax and transfer the items from the business to himself
  • do a Form 3 and transfer them to another dealer, or
  • surrender the weapons to the authorities.
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