Sec. 23.1-5. Dealer to retain purchases.
(a) The dealer shall retain all precious metals or gems purchased for a minimum of ten (10) business days from the date on which a copy of the bill of sale is received by the chief of police of the City of Lynchburg. 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 Lynchburg City Limits.
(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 (10) business days after receiving such article and precious metals or gems. (Ord. No. O-83-023, § 1, 2-8-83)
Last updated date: 10/23/2006 4:15:21 PM