Sec. 4. 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.
Structure Indiana Code
Title 25. Professions and Occupations
Article 37.5. Dealers in Valuable Metals
Chapter 1. Regulation of Valuable Metal Dealers by State Police
25-37.5-1-0.1. "Automobile Salvage Rebuilder"
25-37.5-1-0.4. "Disposal Facility"
25-37.5-1-0.8. "Used Parts Dealer"
25-37.5-1-2. Record of Purchases; Forms; Retaining Copies; Beer Kegs
25-37.5-1-4. Separation of Purchases; Inspection
25-37.5-1-6. Publication of Forms and Information on Web Site
25-37.5-1-9. Catalytic Converters as Valuable Metal; Prohibition of Sale; Exceptions