Section 8-34-1 Definitions. As used in this chapter, the following terms shall have the following meanings: (1) DEALER. Any person, corporation, or partnership that engages in the business of purchasing precious items for the purpose of reselling such items in any form. A dealer does not include a manufacturer, retail merchant, pawnbroker licensed by the […]
Section 8-34-2 License required. (a) Each dealer engaged in the business of purchasing precious items for the purpose of reselling the items shall purchase a state license in the amount of one hundred dollars ($100) and a county license in the amount of fifty dollars ($50) under Article 1, Chapter 12, Title 40. The dealer […]
Section 8-34-3 Documentation of items and identification of sellers; weekly report to law enforcement agency. (a) Each dealer shall keep for six months from the date of purchase of a precious item and make available on request of a local law enforcement agency: (1) The name, current address, date of birth, and signature of the […]
Section 8-34-4 Retention of items; payment; purchase from persons under 18 years of age. (a) Any item purchased shall be held in the same shape and form as receipted for in the dealer’s custody for 15 business days after delivering the list to the local law enforcement agency as required under this chapter. (b) Payment […]
Section 8-34-5 Display of chapter. Each dealer shall prominently display a copy of this chapter in a conspicuous place on the premises of the business. (Act 2010-732, p. 1843, §5.)
Section 8-34-6 Violations. A person who violates this chapter is guilty of a Class B misdemeanor. (Act 2010-732, p. 1843, §6.)
Section 8-34-7 Application. This chapter does not apply to any person who purchases precious items from a retail merchant, pawnbroker licensed by the Alabama State Banking Department, manufacturer, or wholesale dealer. (Act 2010-732, p. 1843, §7.)
