Oklahoma Administrative Code
Title 160 - Department of Consumer Credit
Chapter 60 - Precious Metal and Gem Dealers
Subchapter 7 - Records
Section 160:60-7-2 - Retention of goods
Universal Citation: OK Admin Code 160:60-7-2
Current through Vol. 42, No. 1, September 16, 2024
(a) Time period. Every dealer shall keep the goods at the location for ten (10) days or until the goods have been released by law enforcement. A dealer shall wait to alter the goods. A dealer may sell the goods, but the dealer has to retain possession. [59:1531(A)]
(b) Additional storage site. A dealer may utilize a bank or a vault for storage of the goods. The dealer shall file the address of the designated additional storage site with the Administrator. The Administrator shall release the address only to law enforcement. [59:1531(B)]
Amended at 16 Ok Reg 2178, eff 6-25-99; Amended at 23 Ok Reg 2952, eff 7-13-06
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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