§ 120.10 HOLDING PERIOD.
   (A)   Whenever the Police Department notifies the licensee not to sell an item, the item shall not be sold or removed from the licensed premises for a period of 60 days, or until authorized to be released by the Police Department, which ever comes first.
   (B)   The Police Department may remove items believed to be stolen from the licensee’s premises and hold them in the Police Department property room until it is determined whether they are stolen. Under M.S. § 609.523, the Police Department may return stolen property to the owner, with no recompense to the licensee. Upon criminal conviction, restitution may be sought for losses experienced by a licensee. Each licensee is responsible for establishing procedures to avoid receiving stolen property.
   (C)   Any item pawned to a licensee shall not be sold or otherwise transferred for 60 days after the date of the sale or pawn.
   (D)   Each pledger shall be given a deadline for redeeming pawned property, after which date the licensee may sell the item. This date shall be a day on which the licensee is open for regular business.
(Prior Code, § 6.13) (Am. Ord. 48, Second Series, passed 7-1-2002)