§ 18-16-109 — Applicability

Colorado § 18-16-109

• Jurisdiction: Colorado
• Title 18: Criminal
• Art.: Purchasers of Valuable Articles

Text

The provisions of this article shall not apply to
private collectors purchasing collectors' items from other private collectors or
businesses engaged in selling valuable articles exclusively as collectors' items, and
who pay for such purchases by check, nor shall the provisions of sections 18-16-101
to 18-16-108 apply to valuable articles purchased exclusively in interstate
commerce and paid for by check mailed to the seller in another state, if a record of
the check by which payment was made and the name and address of the seller is
maintained for a period of three years, or a retail merchant who, in a retail
transaction involving the sale of a valuable article, receives another valuable article
as a trade-in and credits the retail purchaser with the value thereof if the retail
purchaser provides proof satisfactory to the retailer that the valuable article was
originally purchased from that retailer. For the purpose of this section, a private
collector is an individual, business, or corporation who purchases an item for a
price based on the value of the article as a historical item rather than the prevailing
market price of the item's metallic or stone composition; who has an interest in
preserving the item in its unique or historical form and who does not alter the form
of the article; and whose primary purpose is to keep the article in a collection or to
sell to another collector.

Legislative History

Source: L. 81: Entire article added, p. 1014, � 1, effective May 22.