Code of Virginia - Title 54.1 Professions And Occupations - Section 54.1-4104 Dealer to retain purchases

§ 54.1-4104. Dealer to retain purchases

A. The dealer shall retain all precious metals or gems purchased for a minimum of ten calendar days from the date on which a copy of the bill of sale is received by the chief law-enforcement officer of the locality in which the purchase is made. Until the expiration of this period, the dealer shall not sell, alter, or dispose of a purchased item in whole or in part, or remove it from the county, city, or town in which the purchase was made.

B. If a dealer performs the service of removing precious metals or gems, he shall retain the metals or gems removed and the article from which the removal was made for a period of ten calendar days after receiving such article and precious metals or gems.

(1981, c. 581, § 54-859.19; 1988, c. 765.)

Sections:  Previous  54.1-4100  54.1-4101  54.1-4101.1  54.1-4102  54.1-4103  54.1-4104  54.1-4105  54.1-4106  54.1-4107  54.1-4108  54.1-4109  54.1-4110  54.1-4111  Next

Last modified: April 3, 2009