Sec. 18. A precious metal dealer may not purchase precious metal:

(1) from an individual less than eighteen (18) years of age; or

Terms Used In Indiana Code 24-4-19-18

  • precious metal: means :

    Indiana Code 24-4-19-6

  • precious metal dealer: means a person who engages in the business of purchasing precious metal for the purpose of reselling the precious metal in any form. See Indiana Code 24-4-19-7
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • purchase: means to acquire property in exchange for cash, credit, or other valuable consideration. See Indiana Code 24-4-19-8
(2) that the precious metal dealer believes or should have reason to believe is stolen property acquired as a result of a crime.

As added by P.L.222-2013, SEC.3.