(a)  Before the sale is held, notice in writing must be given to the person from whom the article to be sold was received, of the amount due for such alteration, repair, or other work, and the time and place of sale; if the residence of the person is known the notice must be mailed to his or her last known street address; but if it is unknown then the notice of the sale shall be published at least six (6) days previous to the sale in a newspaper, published in English, in the city or town in which the jeweler, watchmaker, or silversmith carries on business if the item to be sold has a fair market value in excess of one hundred dollars ($100).

Terms Used In Rhode Island General Laws 34-30-3

  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9

(b)  Fair market value as used in this section shall mean the price a willing buyer would pay to a willing seller and which the seller would accept on the open market.

History of Section.
G.L., ch. 257, § 30; P.L. 1919, ch. 1785, § 1; G.L. 1923, ch. 301, § 30; G.L. 1938, ch. 448, § 1; G.L. 1956, § 34-30-3; P.L. 1988, ch. 178, § 1.