California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 9 — Secondhand GoodsArticle 4 — Tangible Personal PropertySection 21631

Notwithstanding any other provisions of law, all tangible personal property that is found in the shop of a pawnbroker, secondhand dealer, or coin dealer, doing business under a California secondhand dealer’s license, shall be reported as required under subdivisions (c) and (d) of Section 21628, including any additional information required by Section 21628 that is known by the reporting person, and shall be held as required under Section 21636 on forms as required under Section 21633. If no claim is made for the property for a period of 60 days after it is reported, the pawnbroker, secondhand dealer, or coin dealer may treat the property as property regularly acquired in the due course of business.

Notes

Requires tangible personal property found in the shop of a California-licensed pawnbroker, secondhand dealer, or coin dealer to be reported and held under referenced reporting, form, and holding rules, including known additional required information. Allows the dealer to treat the property as regularly acquired in the ordinary course of business if no claim is made within 60 days after reporting.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 21631 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-9/article-4/section-21631

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