(a) Generally. A second-hand dealer may not alter, transfer, or dispose of property for a period of 30 days after the date upon which the transaction was reported to the Police Department.
(b) Stolen items. If an item located in a second-hand store has been identified as having been stolen, the second-hand dealer shall release the item without payment or reimbursement to the Police Department on written demand signed by the Chief of Police or the designee of the Chief of Police. The item shall be returned to the second-hand dealer if the identification is proven erroneous.
(Bill No. 76-10)