Private Party Transfer Definition Question
Hi all,
We all recognize and accept the private party transfer definition as this:
A private party transfer is defined as a transfer where BOTH the buyer AND the seller are in the physical presence of the transferring FFL (that means they physically came in to the store), and BOTH are California residents, and both have valid California identification. If any other criteria are present, the transfer is by default a dealer transfer, not a private party transfer, and is therefore subject to the rules and fees of a dealer transfer. I found this on a non-CA DOJ web site.
The question is where is this actually written? I went through all the penal codes related and I cannot find the actual text stating the above. Can someone show me?
Thanks in advance.
Frank.
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