§ 43.56. Same—Dealers; Holding Period After Purchase.  


Latest version.
  • Each precious metals dealer shall retain possession of any precious metal purchased by him in an unaltered condition for a period of seven (7) days following the purchase. However, this section shall not be construed to limit the right of the precious metals dealer to transfer ownership of the precious metal prior to the expiration of the required holding period, provided he retains physical possession of such precious metal for the remainder of the holding period.

(Ord. of 9-16-1985, Doc. #19714)