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17-23-202. Registration.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-23-202. Registration.
(a)(1) A dealer shall register with local law enforcement in writing and on the form prescribed by the local law enforcement agency at least twenty-four (24) hours before conducting business in that jurisdiction.
(2) The registration shall include:
(A)(i) The name of the registrant.
(ii) If the registrant is a partnership or association, the name of each member of the partnership or association.
(iii) If the registrant is a corporation, the name of each officer and director and of the principal owner or owners of the issued and outstanding capital stock in the corporation;
(B) The residence and business address for each person listed under subdivision (a)(2)(A) of this section;
(C) The city or town with the street and number where the business is to be conducted;
(D) A statement that the registrant has:
(i) A bona fide established permanent place of business used primarily for the purchase of precious metals and precious items; and
(ii) A telephone number listed in the name of the business; and
(E) The name, address, and telephone number of the registered agent for service of process as provided under the Model Registered Agents Act, § 4-20-101 et seq., in the event of the commencement of any legal action in any court against the registrant.
(b) A nonresident applicant shall provide the principal place of business without the state and additional information as the local law enforcement agency in the jurisdiction in which the business or the seller is conducting business may require for the administration of its duties under this chapter to include without limitation:
(1) Photographs of each item purchased;
(2) Seller identification, including the same proof and limitations under § 17-23-203;
(3) Disclosures, includ
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-23-202
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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Record provenance
Stable record: arkansas_code:legal_authorities:17-23-202
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fe9c749ea649cf483244c6c4d5d78ec87cb162acd6fcc5fd054130e33da3aeb9
Source location: content.xml paragraph 5819
Stored source content
17-23-202. Registration.
(a)(1) A dealer shall register with local law enforcement in writing and on the form prescribed by the local law enforcement agency at least twenty-four (24) hours before conducting business in that jurisdiction.
(2) The registration shall include:
(A)(i) The name of the registrant.
(ii) If the registrant is a partnership or association, the name of each member of the partnership or association.
(iii) If the registrant is a corporation, the name of each officer and director and of the principal owner or owners of the issued and outstanding capital stock in the corporation;
(B) The residence and business address for each person listed under subdivision (a)(2)(A) of this section;
(C) The city or town with the street and number where the business is to be conducted;
(D) A statement that the registrant has:
(i) A bona fide established permanent place of business used primarily for the purchase of precious metals and precious items; and
(ii) A telephone number listed in the name of the business; and
(E) The name, address, and telephone number of the registered agent for service of process as provided under the Model Registered Agents Act, § 4-20-101 et seq., in the event of the commencement of any legal action in any court against the registrant.
(b) A nonresident applicant shall provide the principal place of business without the state and additional information as the local law enforcement agency in the jurisdiction in which the business or the seller is conducting business may require for the administration of its duties under this chapter to include without limitation:
(1) Photographs of each item purchased;
(2) Seller identification, including the same proof and limitations under § 17-23-203;
(3) Disclosures, including the same disclosures required under § 17-23-205;
(4) Records, including the same records required under § 17-23-206; and
(5) Holding periods, including the same holding periods under § 17-23-207.
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Arkansas Code — all titles (historical 2020) · legal_authorities
17-23-203. Seller identification.
(a) A dealer required to register under this chapter shall require the following from each seller of precious metals or precious items:
(1) Proof of identification in the form of a valid driver's license, identification card, armed services identification card, or other valid photo identification;
(2) A signed statement stating that the seller is the legal owner of the property or is the agent of the owner authorized to sell the property, and when and where or in what manner the property was obtained; and
(3) A legible print of his or her right thumb as an identifying mark on the form.
(b)(1) A dealer shall not purchase precious metals or precious items from a person under eighteen (18) years of age unless the person is accompanied by a parent or guardian who provides identification that establishes that relationship.
(2) Both the person under eighteen (18) years of age and the parent or guardian shall submit the identification required under subdivision (a)(1) of this section, and records of the identification of both shall be maintained as provided under § 17-23-206.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-23-203
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 17-23-203. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-23-205. Disclosures.
Every person required to be licensed under this chapter shall inform the prospective seller of the price per ounce currently being paid for the particular precious metal offered by the prospective seller, and the precious metals shall be weighed in full sight of the prospective seller.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-23-205
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 17-23-205. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-23-206. Records.
(a) Every person registered under this chapter shall keep a record book containing a comprehensive record of all transactions concerning precious metals or precious items.
(b) The record shall include:
(1) The name, address, and telephone number of the seller;
(2) The date of birth of the seller;
(3) The signature of the seller;
(4) A description of the seller, including height, weight, race, complexion, and hair color;
(5) The driver's license, identification card, or other photo identification number provided under § 17-23-203(a)(1) and the jurisdiction of issuance; and
(6) A complete and accurate description of the property purchased, including any serial numbers or other identifying marks or symbols and the date and hour of the transaction.
(c) All persons registered under this chapter shall at least weekly deliver or mail to the chief law enforcement officer of the city or town or the sheriff of the county in which the business is located a written or electronic copy of all entries in the record required to be kept by subsections (a) and (b) of this section during the preceding seven-day period.
(d) All records and reports received by the chief law enforcement officer of the city or town or sheriff of the county shall be available for inspection only by law enforcement officers for law enforcement purposes.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-23-206
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 17-23-206. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-20-101. Short title.
This chapter may be cited as the Model Registered Agents Act.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-20-101
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. The source passage cites 4-20-101. This identifies an authority to review, not proof of applicability.