                                 CODE OF VIRGINIA

DEALER TO RETAIN PURCHASES (§ 54.1-4104)

A. The dealer shall retain all precious metals or gems purchased for a minimum
of 15 calendar days from the date on which a copy of the bill of sale is
received by the chief law-enforcement officer of the locality in which the
purchase is made. Until the expiration of this period, the dealer shall not
sell, alter, or dispose of a purchased item in whole or in part, or remove it
from the county, city, or town in which the purchase was made.

B. If a dealer performs the service of removing precious metals or gems, he
shall retain the metals or gems removed and the article from which the removal
was made for a period of 15 calendar days after receiving such article and
precious metals or gems.

HISTORY: 1981, c. 581, § 54-859.19; 1988, c. 765; 2012, c. 532.