Indiana Code 25-37.5-1-7. Violations
Current as of: 2023 | Check for updates
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Sec. 7. (a) A valuable metal dealer who fails to comply with this chapter commits a Class A infraction.
For details, see Ind. Code § 35-50-2-7(1) knowingly or intentionally fails to comply with this chapter; and
(b) A valuable metal dealer who:
Attorney's Note
Under the Indiana Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Level 6 felony | between 6 mos. and 2 1/2 years | up to $10,000 |
Terms Used In Indiana Code 25-37.5-1-7
- purchase: means acquiring a valuable metal product for a consideration, but does not include purchases between scrap metal processing facilities (as defined in IC 8-23-1-36). See Indiana Code 25-37.5-1-1
- valuable metal: means any product made of metal that readily may be resold. See Indiana Code 25-37.5-1-1
- valuable metal dealer: means any individual, firm, corporation, limited liability company, or partnership engaged in the business of purchasing and reselling valuable metal either at a permanently established place of business or in connection with a business of an itinerant nature, including junk shops, junk yards, junk stores, auto wreckers, scrap metal dealers or processors, salvage yards, collectors of or dealers in junk, and junk cars or trucks. See Indiana Code 25-37.5-1-1
(2) purchases stolen valuable metal;
commits concealing a valuable metal purchase, a Level 6 felony.
Formerly: Acts 1971, P.L.380, SEC.1; Acts 1972, P.L.11, SEC.11. As amended by Acts 1978, P.L.2, SEC.2566; P.L.145-1990, SEC.5; P.L.224-2013, SEC.9; P.L.70-2021, SEC.2.