The provisions of this chapter do not apply to the purchase by a pawnbroker, dealer in precious metals or precious gems, or secondhand goods dealer licensed under this chapter of any regulated article from another pawnbroker, dealer in precious metals or precious gems, or secondhand goods dealer licensed under this chapter if the purchase is with the purpose of buying up the entire inventory of the purchasee. Nor do the provisions of this chapter apply to the purchase by a pawnbroker, dealer in precious metals or precious gems, or secondhand goods dealer licensed under this chapter of any new, unused, not previously sold at retail regulated article purchased by the pawnbroker, dealer in precious metals or precious gems, or secondhand goods dealer from the inventory of a business with a state sales tax license issued by the state or any other state if the purchase is done with the purpose of buying up the entire inventory of the purchasee.
(1957 Rev. Ords., § 9.1102; 1992 Code, § 28-3) (Ord. 13-80, passed 3-10-1980; Ord. 45-94, passed 5-23-1994; Ord. 54-11, passed 7-18-2011; Ord. 67-19, passed 6-18-2019)