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Now, it's a C&R in my book, so I can't sporterize it. If any C&R in my possession has to be in my book, I cant "disposition" it to me, without putting it back in my book!
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Sure you can sporterize it. At the least, you can dispose of it to yourself and note that it is for the purpose of altering it so that it no longer qualifies as a C&R firearm.