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17-23-101. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-23-101. Definitions.
As used in this chapter:
(1)(A) “Dealer” means a person, corporation, partnership, or other entity that engages in the business of purchasing precious metals or precious items, or both, for the purpose of reselling the items in any form.
(B) “Dealer” does not include a person, corporation, partnership, or other entity engaged in a business that is exempted under § 17-23-102;
(2) “Permanent place of business” means a fixed premises either owned by a person or leased by a person for a period of at least one (1) year and located in the State of Arkansas;
(3) “Person” means any individual, partnership, corporation, association, or other business entity;
(4) “Precious items” means precious or semiprecious stones or pearls whether mounted or unmounted;
(5) “Precious metals” means an article made, in whole or in part, of gold, silver, platinum, or a combination of gold, silver, or platinum;
(6) “Purchase” means the acquisition of a precious metal or a precious item, or both, for a consideration of cash, goods, or other precious metals or precious items; and
(7) “Silver” means sterling silver.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-23-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:17-23-101
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3ac7b2b0766c871e5bf0e691b6921a1fcad810bc3896d4db6ab5b7f4b9a80953
Source location: content.xml paragraph 5749
Stored source content
17-23-101. Definitions.
As used in this chapter:
(1)(A) “Dealer” means a person, corporation, partnership, or other entity that engages in the business of purchasing precious metals or precious items, or both, for the purpose of reselling the items in any form.
(B) “Dealer” does not include a person, corporation, partnership, or other entity engaged in a business that is exempted under § 17-23-102;
(2) “Permanent place of business” means a fixed premises either owned by a person or leased by a person for a period of at least one (1) year and located in the State of Arkansas;
(3) “Person” means any individual, partnership, corporation, association, or other business entity;
(4) “Precious items” means precious or semiprecious stones or pearls whether mounted or unmounted;
(5) “Precious metals” means an article made, in whole or in part, of gold, silver, platinum, or a combination of gold, silver, or platinum;
(6) “Purchase” means the acquisition of a precious metal or a precious item, or both, for a consideration of cash, goods, or other precious metals or precious items; and
(7) “Silver” means sterling silver.
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Arkansas Code — all titles (historical 2020) · legal_authorities
17-23-102. Exemptions.
The provisions of this chapter shall not apply to the following:
(1) Transactions involving the sale or transfer of precious metals by a wholesale jeweler to a retail jeweler or licensed dealer;
(2) Transactions involving coins regardless of whether or not such coins contain precious metals;
(3) Any financial institution which is covered by federal or state deposit insurance;
(4) Any person doing business under the laws of this state or the United States relating to any broker-dealer or commodity futures commission merchant or commodity trading advisor or agent duly registered and regulated by the State Securities Department or the United States Commodity Futures Trading Commission; or
(5) Pawn brokers.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-23-102
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 17-23-102. This identifies an authority to review, not proof of applicability.