§ 355.015. Definitions.

As used in this article:

Antiques shall mean any used property offered for sale upon the basis, express or implied, that the value of the property, in whole or in substantial part, is derived from its age, historical association, or collectable status.

Antique dealer shall mean any person licensed under this chapter where at least ninety (90) percent of the inventory on hand at all times consists of antiques.

Billable transaction shall mean every reportable transaction conducted by a secondhand dealer, regardless of the number of items received in that transaction.

Consignment shall mean a written agreement between a dealer and a seller that authorizes the dealer to take possession of secondhand property, owned by the seller.

Dealer shall mean any person, partnership or corporation licensed under this article.

Precious gems shall mean any gem that is valued for its character, rarity, beauty or quality, including diamonds, rubies, emeralds, sapphires or pearls, or any other such precious gems or stones, whether as a separate item or in combination as a piece of jewelry or other crafted item.

Precious metals shall mean gold, silver, platinum, and sterling silver, whether as a separate item or in combination as a piece of jewelry or other crafted item, except items plated with precious metal(s) and the plating equals less than one (1) percent of the item's total weight.

Receive shall mean to purchase, accept for sale on consignment, broker or receive in trade for an item of equal or lesser value, any tangible personal property previously owned, used, rented or leased.

Recordable transaction shall mean every transaction conducted by a second hand dealer which involves merchandise which is neither a reportable transaction nor exempt under § 355.04(d)

Reportable transaction shall mean every transaction conducted by a secondhand dealer in which merchandise defined in section 355.04(a) is received, offered for sale, or intended for sale.

Secondhand dealer shall mean any natural person, partnership or corporation, either as a principal or agent or employee thereof, whose regular business includes selling or receiving tangible personal properties, excluding motor vehicles, previously owned, used rented or leased.

Unique identifier shall mean a serial number, identification number, model number, owner applied identifier or engraving, "operation ID" number of symbol, or other unique marking.

(C.F. No. 02-612, § 2, 11-27-02)