Any person to whom the receipt for pledged goods was issued, or any person identified in a written, and notarized, authorization to redeem the pledged goods identified in the receipt, or any person identified, in writing, by the pledgor at the time of the initial transaction, and signed by the pledgor, shall be entitled to redeem, or repurchase, the pledged goods described on the ticket. In the event the goods are lost or damaged while in possession of the pawnbroker, the pawnbroker shall compensate the pledgor in cash or replacement goods acceptable to the pledgor, for the fair market value of the lost of damaged goods. Proof of compensation shall be a defense to any prosecution or civil action.
(Prior Code, § 6.31)