76-10-910.5 - Hold on stolen regulated metal property -- Hold notice. - Utah Statutes

76-10-910.5. Hold on stolen regulated metal property -- Hold notice.
(1) If a law enforcement agency has reasonable cause to believe that items of regulatedmetal in the possession of a dealer are stolen, the law enforcement agency may issue a writtenhold notice. The hold notice shall:
(a) identify those items of regulated metal alleged to be stolen and subject to hold; and
(b) inform the dealer of the restrictions imposed on the regulated metal property underSubsection (2).
(2) For 60 days after the date of receiving a hold notice, a dealer may not process orremove from the dealer's place of business any regulated metal identified in the hold notice,unless the property is released earlier by the law enforcement agency or by order of a court ofcompetent jurisdiction.
(3) On the expiration of the hold notice period, the hold is automatically released, and thedealer may dispose of the regulated metal, unless otherwise directed by a court of competentjurisdiction.

Enacted by Chapter 320, 2007 General Session