No regulated property purchased by a person carrying on a business as described in § 111.02 shall be sold, altered or destroyed for a period of five (5) full days after the date of purchase or five (5) days after registration of the property with Leads On Line, whichever occurs later. The regulated property must be kept uncommingled, along with a copy of the transaction record, as set forth in § 111.03, on the premises of the business location during the holding period for purposes of inspection, if necessary, as provided by this chapter. This section shall not apply if a digital recording or photograph, which accurately depicts the regulated property items of the transaction, is taken and retained together with the transaction record, as provided by § 110.03 for at least one (1) year from the date of purchase.
(Ord. B2014-01, passed 1-28-14) Penalty, see § 111.99