Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 160. Department of Consumer Credit |
Chapter 60. Precious Metal and Gem Dealers |
Subchapter 7. Records |
SECTION 160:60-7-2. Retention of goods
Latest version.
- (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)]