A. No dealer shall purchase precious metals or gems from any seller who is under the age of eighteen.
B. No dealer shall purchase precious metals or gems from any seller who the dealer believes or has reason to believe is not the owner of such items, unless the seller has written and duly authenticated authorization from the owner permitting and directing such sale.
1981, c. 581, § 54-859.18; 1988, c. 765.
Structure Code of Virginia
Title 54.1 - Professions and Occupations
Chapter 41 - Precious Metals Dealers
§ 54.1-4101. Records to be kept; copy furnished to local authorities
§ 54.1-4101.1. Officers may examine records or property; warrantless search and seizure authorized
§ 54.1-4102. Credentials and statement of ownership required from seller
§ 54.1-4103. Prohibited purchases
§ 54.1-4104. Dealer to retain purchases
§ 54.1-4105. Record of disposition
§ 54.1-4106. Bond or letter of credit required of dealers when permit obtained
§ 54.1-4107. Private action on bond or letter of credit
§ 54.1-4109. Exemptions from chapter