What is the procedure and is it even possible? Can I remove the stock and sell as a Pistol once registered as an SBR? Oh, It's an MPX.
Sorry for the delay. Here's the answer I got from the ATF.
"Good morning Gene,
In case you haven?t received your answer yet?
Yes, you can sell it as a pistol. You?ll have to check with your state laws to see if you need to do anything to be lawful. You?ll also need to write a letter to the NFA Branch advising you are removing the stock, removing it from under the purview of the NFA, and selling the pistol. The letter will need to include your trust name, who you are to the trust, your address, the mfg, model, SN, and I?d include some type of contact information (email or phone number, in case they have any questions). Once a specialist reviews your request they will send you a letter advising it is no longer under the NFA purview and a regular pistol again. The letter can be sent to nfamailbox@atf.gov or BATFE / NFA Branch, 344 Needy Rd, Martinsburg, WV 25405.
If you are selling it as a SBR: The transfer will have to be on a form 4, the form must be approved and you must have the approved stamp to transfer to the buyer at the same time as the SBR. If you are selling it to a person (an individual, trust, LLC, Co, etc) they must be in the same state as you. If you are selling it to a dealer who has both a active FFL and SOT licenses, you can sell it to them even if they are out of state.
Let me know if this helps or you have any other questions.
V/r,"
Then I asked if I had to wait for the letter to sell the gun. Here's the reply.
"Good morning,
No Sir, you don?t need to wait.
I would keep a copy of the letter you send in, with a note of the date that you sent it. It shouldn?t be needed, but in case any questions arise or your request gets lost, you have a copy.
V/r,"