As used in this chapter, the following words and phrases have the meanings ascribed in this section unless the context clearly indicates otherwise: “Dealer” means any person, corporation or partnership that engages in the business of purchasing precious items for the purpose of reselling such items in any form.The term “dealer” does not include a […]
A violation of this chapter is a misdemeanor punishable by a fine of not more than One Thousand Dollars ($1,000.00) or by imprisonment in the county jail for not more than six (6) months, or by both fine and imprisonment.
A dealer desiring to engage in the business of purchasing precious items for the purpose of reselling those items must purchase a privilege license under Section 27-17-9 which authorizes him or her to engage in that business.A dealer may not operate in the State of Mississippi unless he or she has a current privilege license […]
Each dealer shall keep the following information for six (6) months from the date of purchase of a precious item: The name, current address, date of birth and signature of the person from whom the dealer purchased the item. A description of the person, including height, weight, race, complexion and hair color. A copy and […]
Any item purchased must be held in the dealer’s custody in the same shape and form for which it was receipted for fifteen (15) business days after delivering the list of items required under Section 75-95-5 to the local law enforcement agency. A dealer may make payment to a seller only by check made payable […]
Each dealer must display prominently a copy of this chapter in a conspicuous place on the premises of the business.
