Must a licensees records be surrendered to ATF if the licensee discontinues his business?

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Must a licensees records be surrendered to ATF if the licensee discontinues his business?

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If the business is being discontinued completely, the licensed dealer, manufacturer or importer is required, within 30 days, to forward his records to the following address: ATF Out-of-Business Records Center 244 Needy Road Martinsburg, WV 25401 1(800) 788-7133, x204 Failure to surrender your required records is a felony and could result in the licensee being fined up to $250,000, imprisoned up to five years, or both. A licensee discontinuing business must immediately notify the Federal Firearms Licensing Center in Martinsburg, West Virginia. If someone is taking over the business, the original licensee will underline the final entry in each bound book, note the date of transfer, and forward all records and forms to the successor (who must apply for and receive his own license before lawfully engaging in business) or forward the records and forms to the ATF Out-of-Business Records Center. If the successor licensee receives records and forms from the original licensee, the successor lic

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