We are often asked whether multiple individuals can legally possess a Title II firearm in a Colorado NFA Trust. By making those individuals limited purpose or full trustees and assuming the individual is otherwise qualified, in most cases multiple individuals can be in possession of the trust NFA item. Under current BATF interpretations, all trustees at the time a tax stamp is requested must complete the Responsible Person form (including fingerprint cards and photos). This can create some logistical complications depending on the number of trustees and their location.
Colorado NFA Trusts – Can Multiple Individuals Possess The Title II Firearms
This column is not legal advice nor does it create an attorney-client relationship with the reader. Due to limited space, complex legal concepts and rules may be stated in terms of general concepts. Based on 2024 Colorado and Federal law. Consult legal counsel before acting on any information contained in this column.
