27 CFR 555.57 Change of control, change in responsible persons

[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR555.57]

[Page 174]

TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS

CHAPTER II--BUREAU OF ALCOHOL, TOBACCO, FIREARMS, AND EXPLOSIVES,
DEPARTMENT OF JUSTICE

PART 555_COMMERCE IN EXPLOSIVES--Table of Contents

Subpart D_Licenses and Permits

Sec. 555.57 Change of control, change in responsible persons, and
change of employees.

(a) In the case of a corporation or association holding a license or
permit under this part, if actual or legal control of the corporation or
association changes, directly or indirectly, whether by reason of change
in stock ownership or control (in the corporation holding a license or
permit or in any other corporation), by operation of law, or in any
other manner, the licensee or permittee shall, within 30 days of the
change, give written notification executed under the penalties of
perjury, to the Chief, Firearms and Explosives Licensing Center. Upon
expiration of the license or permit, the corporation or association
shall file an ATF F 5400.13 or an ATF F 5400.16 as required by Sec.
555.45, and pay the fee prescribed in Sec. 555.42(b) or Sec.
555.43(b).
(b) For all licenses or permits issued on and after May 24, 2003,
each person holding the license or permit must report to the Chief,
Firearms and Explosives Licensing Center, any change in responsible
persons or employees authorized to possess explosive materials. Such
report must be submitted within 30 days of the change and must include
appropriate identifying information for each responsible person. Reports
relating to newly hired employees authorized to possess explosive
materials must be submitted on ATF F 5400.28 for each employee.
(c) Upon receipt of a report, the Chief, Firearms and Explosives
Licensing Center, will conduct a background check, if appropriate, in
accordance with Sec. 555.33.
(d) The reports required by paragraph (b) of this section must be
retained as part of a licensee's or permittee's permanent records for
the period specified in Sec. 555.121.

(Approved by the Office of Management and Budget under control number
1140-0074)

[T.D. ATF-87, 46 FR 40384, Aug. 7, 1981, as amended by T.D. ATF-290, 54
FR 53054, Dec. 27, 1989; ATF No. 1, 68 FR 13786, Mar. 20, 2003]

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