§ 82-134. Duty to retain goods.

(a)

All persons licensed under this article shall retain possession of precious metals or articles containing precious metals, in an unaltered condition, for the period specified in this section. All gold and articles containing gold shall be retained in possession for a period of three days. All other precious metals or articles containing other precious metals shall be retained for a period of seven days. The period of retention shall begin on the date that the acquisition of the precious metal is reported in writing to the chief law enforcement officer of the city. If the chief law enforcement officer of the city has probable cause to believe that precious metals or an article made from or containing a precious metal has been stolen, he may give notice in writing to the licensee to retain such precious metal or article for an additional period of 15 days, and the licensee shall retain such property for the additional 15-day period unless such notice is revoked in writing within the 15-day period.

(b)

All persons licensed under this article shall at least weekly deliver or mail to the chief law enforcement officer of the city a copy of all entries in the record book required to be kept in section 82-133 during the preceding seven-day period. All records and reports received by the chief law enforcement officer of the city shall be available for inspection only by law enforcement officers for law enforcement purposes.

(Code 1980, § 16-42)

State law reference

Similar provisions, A.C.A. § 17-20-207.