Indiana § 25-37.5-1-4 Separation of purchases; inspection

Indiana Statutes

§ 25-37.5-1-4 — Separation of purchases; inspection

Indiana § 25-37.5-1-4

Title 25PROFESSIONS AND OCCUPATIONS

Art. 37.5DEALERS IN VALUABLE METALS

Ch. 1Regulation of Valuable Metal Dealers by State Police

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Bluebook

Ind. Code § 25-37.5-1-4 (2026).

Text

Except as provided in section 5 of this chapter, every valuable metal dealer shall hold each purchase of valuable metal requiring notification for at least five (5) working days from the date of notification:

(1)at the regular place of business of the valuable metal dealer; and

(2)separate and apart, so that it is readily identifiable from all other purchases. During this period, a valuable metal dealer may not change the form of the valuable metal and shall permit any law enforcement officer to make inspection of the valuable metal purchased. Formerly: Acts 1971, P.L.380, SEC.1; Acts 1972, P.L.11, SEC.11. As amended by P.L.145-1990, SEC.4; P.L.224-2013, SEC.7.

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Except as provided in section 5 of this
chapter, every valuable metal dealer shall hold each purchase of
valuable metal requiring notification for at least five (5) working days
from the date of notification:
(1) at the regular place of business of the valuable metal dealer;
and
(2) separate and apart, so that it is readily identifiable from all
other purchases.
During this period, a valuable metal dealer may not change the form of
the valuable metal and shall permit any law enforcement officer to
make inspection of the valuable metal purchased.
Formerly: Acts 1971, P.L.380, SEC.1; Acts 1972, P.L.11,
SEC.11. As amended by P.L.145-1990, SEC.4; P.L.224-2013,
SEC.7.