For purposes of this subchapter the following definitions shall apply unless the context clearly indicates or requires a different meaning.
PAWN SHOP DEALER. Any person, partnership, association, or corporation lending money on the deposit or pledge of personal properly, or who deals in the purchase of personal property on the condition of selling the property back again at a stipulated price, other than chooses in action, securities, or printed evidence of indebtedness.
PERSON. An individual, a firm, an association, a limited liability company, a partnership, a joint stock association, a trust, or a corporation or any other entity capable of suing or being sued.
PLEDGE. Personal property deposited with a pawnbroker as security for a loan.
PLEDGER. The person who delivers personal property into the possession of a pawnbroker as security for a loan unless such person discloses that the person is or was acting for another; and in such event "pledger" means the disclosed principal.
(Ord. G-3-15, passed 4-14-15; Am. Ord. G-1-19, passed 1-8-19)