Virginia § 54.1-4104 Dealer to retain purchases

Virginia Statutes

§ 54.1-4104 — Dealer to retain purchases

Virginia § 54.1-4104

Title 54.1PROFESSIONS AND OCCUPATIONS

Subtitle VOCCUPATIONS REGULATED BY LOCAL GOVERNING BODIES

Ch. 41PRECIOUS METALS DEALERS

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Bluebook

Va. Code Ann. § 54.1-4104 (2026).

Text

A.The dealer shall retain all precious metals or gems purchased for a minimum of 15 calendar days from the date on which a copy of the bill of sale is received by the chief law-enforcement officer of the locality in which the purchase is made. 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 county, city, or town in which the purchase was made.

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 15 calendar days after receiving such article and precious metals or gems.

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A. The dealer shall retain all precious metals or gems purchased for a minimum of 15 calendar days from the date on which a copy of the bill of sale is received by the chief law-enforcement officer of the locality in which the purchase is made. 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 county, city, or town in which the purchase was made.

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 15 calendar days after receiving such article and precious metals or gems.