§ 15-204. Holding period.

(a)

Gold, silver, platinum, or other precious metal and jewelry, diamonds, gems and other precious stones shall be held by the secondhand dealer for a period of ten (10) working days prior to sale, exchange, or other disposition thereof. All other property covered by this article, except for firearms and ammunition acquired in the course of a secondhand dealer's business shall be held for a period of twenty (20) working days prior to disposition thereof; provided, however, that the provisions of this subsection shall not be applicable when the person known by the secondhand dealer to be the person who submitted any article desires to redeem, repurchase, or recover such article at any time within the required hold period. This section does not apply to the sale, exchange, or any other disposition of a firearm. Any sale, exchange, or other disposition of a firearm shall be governed by F.S. § 539.001(9)(c).

(b)

If a police officer has probable cause to believe that an item acquired by a secondhand dealer in the course of his business is the subject of a criminal investigation, such police officer may apply to a court of competent jurisdiction for an order, which would prohibit the release of such property for a period of sixty (60) days. Upon release of such property, the secondhand dealer shall keep a record of the disposition thereof.

(Code 1953, § 30-4; Ord. No. C-87-17, § 2, 3-3-87; Ord. No. C-87-46, § 3, 9-22-87; Ord. No. C-11-28, § 3, 10-18-11 )