(a) A licensee under this chapter shall retain any goods, services or things pledged with him or her or purchased by him or her until the expiration of forty-eight hours after information relating thereto as provided in Section 759.05 is first required to be made available to the Chief of Police, except that the licensee may dispose of such goods, articles or things with the permission of the Police Division.
(b) If the Chief has probable cause to believe that the article described therein is stolen property, he or she shall so notify the licensee in writing. Upon receipt of such a notice, the licensee shall retain the article until the expiration of thirty days after the day on which he or she is first required to make available the information required by Section 759.05, unless the Chief notifies the licensee, in writing, that he or she is not required to retain the article until such expiration.
(c) If the Police Division determines the identity of the true owner of stolen goods held by a licensee and informs the licensee of the true owner's identity, the licensee may restore the stolen goods to the true owner directly. The true owner shall reimburse the licensee for the amount the licensee paid for the stolen goods.
(d) As used in this section, "retain" means that a licensee does not change, alter, smelt or deface any article or voluntarily release possession of any goods, articles or things pledged with him or her or purchased by him or her.
(ORC 4727.12)