(A) All item(s) purchased or pledged by person who owns, operates, or otherwise acts as a precious and or valuable metals dealer, pawnshop, and or a secondhand retailer in accordance with such terms as defined above, shall be retained at the place of business of the dealer, by the proprietor, manager, or employee for a period of not less than 15 days after its receipt before any such goods or articles may be disposed of or sold.
(B) Any person who owns a scrap yard, and or operates solely as a scrap metal dealer, shall not be subject to the required retention outlined in division (A) of this section. However, any business who operates as a scrap metal dealer, as well as a precious metal dealer and or a valuable metal dealer must retain the precious and valuable metals as outlined in division (A) of this section.
(Ord. 2020-1, passed 3-4-20) Penalty, see § 112.99