24-4-19-13. Registration Requirement; Secretary of State; Local Law Enforcement Agencies
Sec. 13. (a) A precious metal dealer must satisfy the registration requirements described in subsections (b) and (c) before the precious metal dealer may engage in the business of purchasing or reselling precious metal at a permanent place of business in Indiana. (b) A precious metal dealer must submit to the secretary of state one […]
24-4-19-1. Application
Sec. 1. This chapter does not apply to the following: (1) A jeweler regulated under IC 24-4-13 concerning used jewelry sales. (2) A valuable metal dealer (as defined in IC 25-37.5-1-1(b)). (3) A pawnbroker licensed under IC 28-7-5. (4) The purchase or resale of a mint issued coin by a person whose primary business is […]
24-4-19-2. “Jewelry”
Sec. 2. As used in this chapter, “jewelry” means personal ornaments made of gold, silver, or platinum that may or may not contain precious, semiprecious, or imitation stones. As added by P.L.222-2013, SEC.3.
24-4-19-3. “Mint Issued Coin”
Sec. 3. As used in this chapter, “mint issued coin” means a coin that: (1) is bought or sold as an investment in a rare or precious metal; (2) has a collectable value greater than the face value of the coin; or (3) is collectable or desirable due to the age, rarity, or condition of […]
24-4-19-4. “Permanent Place of Business”
Sec. 4. As used in this chapter, “permanent place of business” means a fixed premises: (1) owned by a precious metal dealer; or (2) leased by a precious metal dealer for a term of at least twelve (12) months; at which the precious metal dealer purchases or resells precious metal. As added by P.L.222-2013, SEC.3.
24-4-19-5. “Person”
Sec. 5. As used in this chapter, “person” means an individual, a firm, an association, a limited liability company, a partnership, a joint stock association, a trust, or a corporation. As added by P.L.222-2013, SEC.3.
24-4-19-6. “Precious Metal”
Sec. 6. (a) As used in this chapter, “precious metal” means: (1) used jewelry; and (2) other used articles of personal property that: (A) are made of gold, silver, or platinum; and (B) were previously purchased at retail, acquired by gift, or obtained in some other fashion by a consumer. (b) The term does not […]
24-4-19-7. “Precious Metal Dealer”
Sec. 7. As used in this chapter, “precious metal dealer” means a person who engages in the business of purchasing precious metal for the purpose of reselling the precious metal in any form. As added by P.L.222-2013, SEC.3.
24-4-19-8. “Purchase”
Sec. 8. As used in this chapter, “purchase” means to acquire property in exchange for cash, credit, or other valuable consideration. As added by P.L.222-2013, SEC.3.
24-4-19-9. “Seller”
Sec. 9. As used in this chapter, “seller” means a consumer or other person who sells precious metal to a precious metal dealer. As added by P.L.222-2013, SEC.3.