(A) Redemption period. Any person pledging an article shall have 45 days to redeem the same before the pledge becomes forfeitable.
(B) Required holding period. No personal property received on deposit by any pawnbroker shall be redeemed from the place of business of the pawnbroker for the space of 48 hours not counting Saturday, Sunday or holidays next after the delivery to the Police Department of the copy and statement relating thereto as required by § 113.10 of this chapter and no personal property purchased by any pawnbroker, dealer of second-hand goods, or junk dealer shall be sold or disposed of in any way within 48 hours not counting Saturday, Sunday, or holidays after 12:00 p.m. of the day for the giving notice as provided in § 113.11 of this chapter to the Police Department of a copy and statement relating thereto as required in this section. These requirements shall not apply to precious metals, coins, bullion, or ingots.
(C) Police order to hold property. Whenever the Chief of Police, or any member of the police force shall have probable cause to suspect that property listed pursuant to this chapter shall be stolen property, or constitute evidence of a crime, or that possession of the property is criminal, or that the property shall constitute evidence that an individual has committed a crime, he or she shall notify the dealer or dealers not to sell any property so received on deposit or purchased by them, or permit the same to be redeemed, for a period of at least 48 hours in addition to the time period provided for in division (A) of this section, not counting Saturday, Sunday, and holidays.
(Prior Code, § 18-125) Penalty, see § 113.99