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04-02-2003
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04-02-2003
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9/4/2018 6:39:07 AM
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MV City Council
City Council Document Type
City Council Packets
Date
4/2/2003
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(2) the amount of money paid; <br /> <br /> (3) the date of the transaction; and <br /> <br /> (4) from the identification card containing a picture of the seller, the type of card <br />presented and the serial number of the card, if any, and the name and address of the <br />person selling the item. The book, as well as the item in the possession of the dealer, <br />shall at all reasonable times be open to inspection by any police officer of the city <br />Wherein the business is located or the sheriff or any deputy sheriff of the county <br />wherein the business is located. <br /> <br />HIST: 1981 c 333 s 5; 1986 c 444 <br /> <br /> <br />325F.736 Required holding period. <br /> <br />Every precious metal dealer shall keep in possession at the dealer's business location <br />or other location within the licensing county from the time of the transaction or as close <br />thereto as possible, for a period of no less than 14 days, every secondhand item <br />containing precious metal purchased by the dealer unless the item is purchased or <br />consigned from another dealer licensed under section 325F.733. The item shall not be <br />altered at the time of sale and shall remain unaltered during the required holding period. <br /> <br />HIST: 1981 c 333 s 6; 1986 c 444 <br /> <br /> <br />325F.737 Additional holding period. <br /> <br />The sheriff or a designee may by written notification require a precious metal dealer <br />licensed in the sheriff's county not to sell or alter a secondhand item containing precious <br />metal if the sheriff or designee has probable cause that the item is stolen. The item <br />shall not be sold, altered, or removed from the licensed premises until authorized to be <br />released in writing by the sheriff or a designee. <br /> <br />The chief of police or a designee may also exercise this same authority for licensed <br />businesses, within the chief's jurisdiction. <br /> <br />HIST: 1981 c 333 s 7; 1986 c 444 <br /> <br /> <br />325F.738 Trading. <br /> <br />It is unlawful to trade or barter in a manner intended to avoid identification and recording <br />of transactions under sections 325F.734 and 325F.735 and payment under section <br />325F.741. <br /> <br />HIST: 1981 c 333 s 8 <br />
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