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30 day limitation on handgun transferring?

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Hey hopefully someone can help me out on this one.

 

This past christmas for a gift my father wanted to give me his colt revolver and my grandmother wanted to give me a sig sauer pistol. Both are NJ residents and have FID cards. So the week following xmas I applied for FID and 3 permits to purchase. Received the permits and FID card this past week (2-25-11). As of this past friday (2-25-11) I did the paperwork with my father and submitted it to the local PD for legal transfer of the colt revolver.

 

From my understanding their is a 30 day limitation on handgun purchases, does this 30 day limitation also apply to transfer of handguns between NJ residents?

Little confused cause since I have a FID card I could legally borrow/possess (following NJ laws for transport) my grandmother's handgun to shoot at the range.

 

Thanks

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