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CC PACKET 06102003
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CC PACKET 06102003
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Last modified
12/30/2015 8:01:58 PM
Creation date
12/30/2015 8:01:47 PM
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SP Box #
29
SP Folder Name
CC PACKETS 2001-2004
SP Name
CC PACKET 06102003
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(12) The signature of the pledgor or seller. <br /> (13) All printed statements as required by Minnesota Statutes, Section 325J.04, <br /> subdivision 2, or any other applicable statutes. <br /> F. Redemption Period. Any person pledging, pawning or depositing an item for <br /> security must have a minimum of one hundred twenty(120) days from the date of that <br /> transaction to redeem the item before it may be forfeited and sold. During the ninety(90) day <br /> holding period, items may not be removed from the licensed location except as provided in <br /> Section 566.14(A). Licensees are prohibited from redeeming any item to anyone other than the <br /> person to whom the receipt was issued or, to any person identified in a written and notarized <br /> authorization to redeem the property identified in the receipt, or to a person identified in writing <br /> by the pledgor at the time of the initial transaction and signed by the pledgor, or with approval of <br /> the police license inspector. Written authorization for release of property to persons other than <br /> original pledgor must be maintained along with original transaction record in accordance with <br /> Section 566.12(A)(10). <br /> G. Holding Period.eriod. Any item purchased or accepted in trade by a licensee must not <br /> be sold or otherwise transferred for thirty(30) days from the date of the transaction. An <br /> individual may redeem an item seventy-two (72) hours after the item was received on deposit, <br /> excluding Sundays and legal holidays. <br /> H. Police Order to Hold Propert y. <br /> (1) Investigative Hold. Whenever the Chief of Police or the Chief's <br /> designee notifies a licensee not to sell an item, the item must not be sold or <br /> removed from the premises. The investigative hold shall be confirmed in <br /> writing by the Police Department within seventy-two (72) hours and will <br /> remain in effect for fifteen(15) days from the date of initial notification, <br /> or until the investigative order is canceled, or until an order to <br /> hold/confiscate is issued, pursuant to Section 566.12(H)(2), whichever <br /> comes first. <br /> (2) Order to Hold. Whenever the Chief of Police, or the chief s designee, <br /> notifies a licensee not to sell an item, the item must not be sold or removed <br /> from the licensed premises until authorized to be released by the chief or <br /> the chiefs designee. The order to hold shall expire ninety(90) days from <br /> the date it is placed unless the Chief of Police or the chiefs designee <br /> determines the hold is still necessary and notifies the licensee in writing. <br /> (3) Order to Confiscate. If an item is identified as stolen or evidence in a <br /> criminal case, the chief or chief s designee may: <br /> (a) Physically confiscate and remove it from the shop, pursuant to a <br /> written order from the chief or the chiefs designee; or <br /> (b) Place the item on hold or extend the hold as provided in Section <br /> 566.12(H)(2), and leave it in the shop. <br /> 16 <br />
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