[Code of Federal Regulations]
[Title 27, Volume 3]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR478.51]

[Page 43]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS, AND FIREARMS
 
   CHAPTER II--BUREAU OF ALCOHOL, TOBACCO, FIREARMS, AND EXPLOSIVES, 
                          DEPARTMENT OF JUSTICE
 
PART 478_COMMERCE IN FIREARMS AND AMMUNITION--Table of Contents
 
                           Subpart D_Licenses
 
Sec.  478.51  License not transferable.

    Licenses issued under this part are not transferable. In the event 
of the lease, sale, or other transfer of the operations authorized by 
the license, the successor must obtain the license required by this part 
prior to commencing such operations. However, for rules on right of 
succession, see Sec.  478.56.