§ 26-208. Holding period for purchases.

Any property obtained by purchase by any of the businesses covered by this article shall be retained in its original condition for a minimum of 15 calendar days, in the possession of the purchaser, provided that nothing in this section shall prevent the sale of such property as long as possession is retained for the 15-day period. This holding period shall not apply to:

(1)

A repurchase or redemption by the original seller or pawnor.

(2)

Transfers between dealers or pawnbrokers licensed in the county or holding state sales tax numbers.

(3)

Those items excluded from the definition of precious metals in section 26-201 of this article.

(Ord. No. 84-17, § 2(e), 5-22-84; Ord. No. 90-91, §§ 3, 4, 12-4-90)

State law reference

Holding period, F.S. § 538.06.