For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
AUCTION HOUSE DEALER. Any secondhand dealer where some, or all, of the secondhand merchandise is offered for sale for the highest bid or offer tendered. If the sale is conducted by means of an auction, the auctioneer must be properly licensed and bonded in accordance with applicable laws.
BILLABLE TRANSACTION. Every reportable transaction conducted by a secondhand dealer, regardless of the number of items received in that transaction.
BUSINESS MANAGER. A person(s) designated by the licensee to operate a business in the licensee’s absence. A licensee must designate a manager to operate the licensed business if the licensee does not personally provide on-site supervisory services at the business at least 64 hours per month.
CITY. The City of St. Anthony, Minnesota.
CONSIGNMENT. A written agreement between a licensee and a seller that enables the licensee to take temporary possession of secondhand property, owned by the seller, for the purpose of offering it for sale to the public. An agreement shall state the terms under which the seller will be compensated, and the amount of that compensation.
DEALER. Any natural person, partnership, or corporation, either as principal or agent, or employee thereof, licensed under this subchapter.
PRECIOUS GEM. Any gem that is valued for its character, rarity, beauty, or quality, including diamonds, rubies, emeralds, sapphires, or pearls, or any other precious gems or stones, whether as a separate item or in combination as a piece of jewelry or other crafted item.
PRECIOUS METALS. Gold, silver, platinum, and sterling silver, whether as a separate item or in combination as a piece of jewelry or other crafted item, except items plated with precious metal(s) and the plating equals less than 1% of the item’s total weight.
RECEIVE. To purchase, accept for sale on consignment, broker, or receive in trade for an item of equal or lesser value, any tangible personal property previously owned, used, rented, or leased.
RECORDABLE TRANSACTION. Every transaction conducted by a secondhand dealer in which merchandise defined in § 113.13 is received, offered for sale, or intended for sale, whether inside or outside the city.
REPORTABLE TRANSACTION. Every transaction conducted by a secondhand dealer, inside the city, in which merchandise defined in § 113.14 is received, and for which a daily report to the Police Department is required.
SECONDHAND DEALER. Any natural person, partnership, or corporation, either as principal or agent or employee thereof, whose regular business includes selling or receiving tangible personal properties, excluding motor vehicles, previously owned, used, rented, or leased. The term SECONDHAND DEALER shall include auction house dealers.
UNIQUE IDENTIFIER. A serial number, identification number, model number, owner applied identifier or engraving, “operation ID” number or symbol, or other unique marking.
(Prior Code, § 111.251)