54.1-4104 - Dealer to retain purchases. - Virginia Statutes

§ 54.1-4104. Dealer to retain purchases.

A. The dealer shall retain all precious metals or gems purchased for aminimum of ten calendar days from the date on which a copy of the bill ofsale is received by the chief law-enforcement officer of the locality inwhich the purchase is made. Until the expiration of this period, the dealershall not sell, alter, or dispose of a purchased item in whole or in part, orremove 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, heshall retain the metals or gems removed and the article from which theremoval was made for a period of ten calendar days after receiving sucharticle and precious metals or gems.

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