Bond or letter of credit required. Private action on bond or letter of credit. Return to Index Sec. 20.5-1 . Definitions. Dealer shall mean all employers and principals on whose behalf a purchase is made, and employee or agent who makes any such purchase for or on behalf of his employer or principal.
Gems means any item containing precious or semiprecious stones customarily used in jewelry.
Precious metals means any item, except coins, composed in whole or in part of gold, silver, platinum or platinum alloys. The report form shall be designated by the chief, of police and shall be furnished to the dealers at their expense by the police department. Such expense shall not exceed the cost of the printing of such forms. Every dealer or his employee shall admit to his place of business during regular business hours the chief of police or his designee or any law enforcement officer of the state or federal government. Credentials required from seller.