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Jump to the first occurrence of "precious" THE PRECIOUS METAL AND GEM DEALER ACT Act 95 of 1981 AN ACT to regulate the business of buying and receiving gold, silver, platinum, gems, jewelry, and other precious items; to provide powers to certain state and local officers and agencies with respect to such regulation; to provide for the registration of precious metal and gem dealers; to provide for civil damages; and to prescribe penalties.
History: 1981, Act 95, Eff. Sept. 11, 1981 © 2017 Legislative Council, State of Michigan The People of the State of Michigan enact:
Section 445.481 Section Short title.
Section 445.482 Section Definitions.
Section 445.483 Section Dealer; certificate of registration required; internet drop-off store exempt from registration; application; fee; disclosures; dealer, agent, or employee convicted of misdemeanor or felony; compliance with local ordinances; issuance and posting of certificate; notification of change in name or address.
Section 445.484 Section Permanent record of each transaction; forms; copies; information required; numbering; sending copy of record of transaction form to police agency or sheriff's department; inspection; confidentiality; retention period; size of form; definition.
Section 445.485 Section Retaining precious item for 9 calendar days; alteration.
Section 445.486 Section Prohibited conduct.
Section 445.487 Section Failure to make entry in records as misdemeanor or felony; penalty.
Section 445.488 Section Violation of MCL 445.483(7) or (8) or 445.484(1)(e), (3), (4), or (5) as misdemeanor or felony; penalty.
Section 445.489 Section Conduct constituting felony; penalty.
Section 445.490 Section Violation of MCL 445.483(1) or 445.485 as felony; penalty.
Section 445.491 Section Action against dealer; grounds; damages, costs, and attorneys' fees.
Section 445.492 Section Effective date.