Ok, here is my question. Let's say a year from now I buy a new can. I buy it on a trust with myself listed as the grantor, and my father listed as a trustee. We submit finger prints and photographs for the two of us and we get approved. 3 months after getting the stamp, I get married and add my new wife to the trust as a trustee. Do I need to then submit finger prints and photographs for her since she will be on a trust that had an approval after the new regulations went into effect?
I know I would need to for her for future purchases, but what about purchases made after the rule change went into effect, but before she was a trustee?
I am sure you can see what I am getting at here. In other words, what would stop someone from forming a new trust with only themselves listed as a responsible party, getting approved for an NFA item, and then adding 20 friends as trustees after the stamp is obtained.
State law would allow you to do this. As for federal, the ATF has yet to opine on this issues. There will be much debate and litigation over these types of issues. No one will be able to answer this question until well after July 1st.