Code of Alabama - Title 8: Commercial Law and Consumer Protection - Chapter 34 - Dealers in Gold or Precious Items

• Section 8-34-1 Definitions
  As used in this chapter, the following terms shall have the following meanings: (1) DEALER. Any person, corporation, or partnership that engages in the business...
• Section 8-34-2 License required
  (a) Each dealer engaged in the business of purchasing precious items for the purpose of reselling the items shall purchase a state license in the...
• Section 8-34-3 Documentation of items and identification of sellers; weekly report to law enforcement agency
  (a) Each dealer shall keep for six months from the date of purchase of a precious item and make available on request of a local...
• Section 8-34-4 Retention of items; payment; purchase from persons under 18 years of age
  (a) Any item purchased shall be held in the same shape and form as receipted for in the dealer's custody for 15 business days after...
• Section 8-34-5 Display of chapter
  Each dealer shall prominently display a copy of this chapter in a conspicuous place on the premises of the business.
• Section 8-34-6 Violations
  A person who violates this chapter is guilty of a Class B misdemeanor.
• Section 8-34-7 Application
  This chapter does not apply to any person who purchases precious items from a retail merchant, pawnbroker licensed by the Alabama State Banking Department, manufacturer,...

Last modified: May 3, 2021