§ 43.58. Precious Metals Transactions—Exemptions.

Latest version.

The following transactions shall be exempt from the provisions of Section 43.55 through 43.57 of this Chapter:
(1)

Articles repurchased by a dealer, provided the dealer repurchases from the same person and maintains a record of the prior sale and repurchase;

(2)

Transactions between dealers, provided the article has been previously once reported in accordance with Section 43.55 of this Chapter and held in possession of any dealer within the City for the period set forth in Section 43.56 of this Chapter;

(3)

Transactions other than those in which the seller or transferor of the article appears in person at the dealer's place of business.

(Ord. of 5-18-1981, § 1; Ord. of 9-16-1985, Doc. #19714)

                    
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