Section 325F.742 — Governmental Subdivisions May Regulate.
325F.742 GOVERNMENTAL SUBDIVISIONS MAY REGULATE. The provisions of Laws 1981, chapter 333, sections 1 to 17 shall not be construed as prohibiting, or in any way limiting, or interfering with the right of any governmental subdivision of the state to regulate or license precious metal dealers within its jurisdiction in a manner more restrictive than […]
Section 325F.743 — Criminal Penalty.
325F.743 CRIMINAL PENALTY. Any person who violates any provision of Laws 1981, chapter 333, sections 1 to 17, is guilty of a felony and may be sentenced to imprisonment for not more than three years or to payment of a fine of not more than $40,000, or both. History: 1981 c 333 s 12; 1984 […]
Section 325F.744 — Civil Penalty.
325F.744 CIVIL PENALTY. The attorney general or any county attorney may institute a civil action in the name of the state in the district court to revoke, deny or suspend for a period of time the license on the ground that the licensee has violated a provision of Laws 1981, chapter 333, sections 1 to […]
Section 325F.737 — Additional Holding Period.
325F.737 ADDITIONAL HOLDING PERIOD. The sheriff or a designee may by written notification require a precious metal dealer licensed in the sheriff’s county not to sell or alter a secondhand item containing precious metal if the sheriff or designee has probable cause that the item is stolen. The item shall not be sold, altered, or […]
Section 325F.738 — Trading.
325F.738 TRADING. It is unlawful to trade or barter in a manner intended to avoid identification and recording of transactions under sections 325F.734 and 325F.735 and payment under section 325F.741. History: 1981 c 333 s 8
Section 325F.739 — Certain Purchases Prohibited.
325F.739 CERTAIN PURCHASES PROHIBITED. It is unlawful for a precious metal dealer to purchase a secondhand item containing precious metals from a person under 18 years of age unless the person is accompanied by the person’s parent or guardian who is identified and whose identity is recorded in accordance with sections 325F.734 and 325F.735. History: […]
Section 325F.741 — Payment By Check.
325F.741 PAYMENT BY CHECK. Payment by a precious metal dealer for the purchase of a secondhand item containing precious metal shall be made only by a check, draft, or other negotiable or nonnegotiable instrument or order of withdrawal which is drawn against funds held by a financial institution. History: 1981 c 333 s 10
Section 325F.73 — Fraudulent Sale Of Gold And Silver; Penalty.
325F.73 FRAUDULENT SALE OF GOLD AND SILVER; PENALTY. Subdivision 1. False stamping of articles of gold or silver. Any person, firm, corporation, or association, who or which make for sale any article of merchandise made, in whole or in part, of gold or any alloy of gold, having stamped, branded, engraved or printed thereon, or […]
Section 325F.731 — Definitions.
325F.731 DEFINITIONS. Subdivision 1. Terms. For the purposes of Laws 1981, chapter 333, sections 1 to 17, the following terms have the meanings given them. Subd. 2. Precious metal dealer. “Precious metal dealer” means any natural person, partnership, or corporation, either as principal or agent, engaging in the business of buying secondhand items containing precious […]
Section 325F.732 — License.
325F.732 LICENSE. Subdivision 1. Requirement. Except as provided for in subdivision 2, it is unlawful for a precious metal dealer to engage in or transact any business as such without having a valid license as provided in section 325F.733. Subd. 2. Scope. The requirements of Laws 1981, chapter 333, sections 1 to 17 do not […]