24-4-19-12. Permanent Place of Business Requirement
Sec. 12. A precious metal dealer may engage in the business of purchasing or reselling precious metal in Indiana only at a permanent place of business owned or leased by the precious metal dealer. As added by P.L.222-2013, SEC.3.
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 […]
24-4-20-1. Definitions
Sec. 1. The following definitions apply throughout this chapter: (1) “Currency” means a coin made of gold, silver, or other metal or paper money that is or has been used as legal tender. (2) “Foreign entity” means: (A) if the person is a sole proprietor, an individual who does not reside in Indiana; or (B) […]
24-4-19-14. Seller Identification; Photograph of Precious Metal
Sec. 14. (a) If a precious metal dealer purchases precious metal from a seller, the precious metal dealer shall: (1) verify the identity of the seller by use of a government issued photographic identification; (2) make a copy of the seller’s government issued photographic identification; and (3) take a photograph of the precious metal. (b) […]
24-4-20-2. Temporary Registration Issuance
Sec. 2. The secretary may issue a temporary registration in accordance with this chapter to a foreign entity that: (1) wishes to sell precious metals bullion or currency at a trade fair or coin show in Indiana; (2) is not otherwise lawfully authorized to conduct business in Indiana; and (3) complies with requirements of this […]
24-4-19-15. Books, Accounts, and Records
Sec. 15. (a) A precious metal dealer shall keep and use in the precious metal dealer’s business the books, accounts, and records necessary to determine whether the precious metal dealer is complying with this chapter. (b) A precious metal dealer shall preserve the books, accounts, and records, including cards used in the card system, for […]
24-4-20-3. Temporary Registration Expiration
Sec. 3. A temporary registration issued under this chapter expires not later than twenty-eight (28) days after the date on which the temporary registration is issued. As added by P.L.195-2016, SEC.2. Amended by P.L.85-2017, SEC.92.
24-4-19-16. Precious Metal Purchases Reported to Law Enforcement Agencies
Sec. 16. (a) Each day a precious metal dealer purchases precious metal at a permanent place of business, the precious metal dealer shall report the information described in section 15(d) of this chapter concerning the precious metal to a law enforcement agency as follows: (1) If the permanent place of business is located in a […]
24-4-20-4. Requirements for a Temporary Registration
Sec. 4. A foreign entity that wishes to obtain a temporary registration to sell precious metals bullion or currency at a trade fair or coin show in Indiana under this chapter must do the following: (1) Submit an application to the secretary in the form and the manner prescribed by the secretary. (2) Pay a […]
24-4-19-17. Examination of Records and Information by Law Enforcement Agencies
Sec. 17. (a) A precious metal dealer shall make the records and information under section 15 of this chapter available for examination upon the request of a law enforcement agency (as defined in IC 10-13-3-10). (b) The law enforcement agency under subsection (a) shall determine if: (1) the records are sufficient; and (2) the precious […]