(A) No personal property shall be accepted as collateral security or for purchase if such property normally bears a manufacturer's serial number or other identifying insignia and such identification is not plainly visible on the personal property being offered as collateral or for purchase.
(B) All goods or articles received by any proprietor, manager or employee of any licensed pawnbroker, secondhand dealer, precious metals and stones dealer or valuable metal dealer shall be retained at the place of business of the licensed dealer, by the proprietor, manager or employee for a period of not less than 10 days after the transaction has been electronically transmitted to the Kokomo Police Department before any such goods or articles may be disposed of or sold.
('75 Code, § 14-133) (Am. Ord. 6584, passed 8-10-09; Am. Ord. 6759, As Amended, passed 7-14-14) Penalty, see § 110.99