§ 17-23-101. Definitions
As used in this chapter: (1) (A) “Dealer” means a person, corporation, partnership, or other entity that engages in the business of purchasing precious metals or precious items, or both, for the purpose of reselling the items in any form. (B) “Dealer” does not include a person, corporation, partnership, or other entity engaged in a […]
§ 17-23-102. Exemptions
The provisions of this chapter shall not apply to the following: (1) Transactions involving the sale or transfer of precious metals by a wholesale jeweler to a retail jeweler or licensed dealer; (2) Transactions involving coins regardless of whether or not such coins contain precious metals; (3) Any financial institution which is covered by federal […]
§ 17-23-103. Penalties
(a) If the value of the property involved in a transaction is five hundred dollars ($500) or less, a person who violates this chapter is guilty of a Class A misdemeanor. (b) If the value of the property involved in a transaction is greater than five hundred dollars ($500), a person who violates this chapter […]
§ 17-23-104. Civil liability
(a) Any person who has been damaged or injured by the failure of a person required to be licensed under this chapter to comply with the provisions of this chapter may recover the actual damages sustained. (b) The court in its discretion may also award punitive damages and the cost of suit and reasonable attorney’s […]