Willie Sutton
Member
- Joined
- Apr 28, 2013
- Messages
- 2,025
Hopefully addressed to 07 FFL's with Class 3 SOT experience:
Assuming that an incorporated (not individual) 07 FFL with Class 3 SOT has made up a few dealer sample MG's and then gets tired of paying annual ITAR fees and has no intent to continue manufacturing, can he exchange the 07 FL for a 01 FFL, continue to pay for the Class 3 SOT, and as a dealer "not a manufacturer" retain the Post 86 dealer samples he's previously contructed as an 07? The question is, in other words, is the change in the corporate license from a 07 to a 01 considered to be the same entity in posession?
My gut says "Yes" but other qualified opinions are appreciated before I have a lawyer look at it.
Willie
.
Assuming that an incorporated (not individual) 07 FFL with Class 3 SOT has made up a few dealer sample MG's and then gets tired of paying annual ITAR fees and has no intent to continue manufacturing, can he exchange the 07 FL for a 01 FFL, continue to pay for the Class 3 SOT, and as a dealer "not a manufacturer" retain the Post 86 dealer samples he's previously contructed as an 07? The question is, in other words, is the change in the corporate license from a 07 to a 01 considered to be the same entity in posession?
My gut says "Yes" but other qualified opinions are appreciated before I have a lawyer look at it.
Willie
.