Indiana § 24-4-19-19 Retention of precious metal purchases

Indiana Statutes

§ 24-4-19-19 — Retention of precious metal purchases

Indiana § 24-4-19-19

Art. 4REGULATED BUSINESSES

Ch. 19Precious Metal Dealers

This text of Indiana § 24-4-19-19 (Retention of precious metal purchases) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-4-19-19 (2026).

Text

(a)A precious metal dealer shall hold each article of precious metal purchased by the precious metal dealer for at least ten (10) calendar days after the date the precious metal dealer purchases the precious metal:

(1)at the precious metal dealer's permanent place of business where the purchase occurred; and

(2)separate from other precious metal.

(b)During the ten (10) calendar days that the precious metal dealer must hold precious metal under subsection (a), the precious metal dealer:

(1)may not change the form of the precious metal; and

(2)shall allow a law enforcement officer to inspect the precious metal.

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(a) A precious metal dealer shall hold each
article of precious metal purchased by the precious metal dealer for at
least ten (10) calendar days after the date the precious metal dealer
purchases the precious metal:
(1) at the precious metal dealer's permanent place of business
where the purchase occurred; and
(2) separate from other precious metal.
(b) During the ten (10) calendar days that the precious metal dealer
must hold precious metal under subsection (a), the precious metal
dealer:
(1) may not change the form of the precious metal; and
(2) shall allow a law enforcement officer to inspect the precious
metal.