16-706.   Definitions.As used in this act:

      (a) (1)   "Pawnbroker" means any person wholoans money on deposit or pledge of personal property or other valuable thing,other than intangible personal property, or who deals in thepurchase of personal property on the condition of selling the same backagain at a stipulated price.

      (2)   "Pawnbroker" does not include any personoperating under the supervision of the state banking commissioner,credit union administrator or the consumer credit commissioner of this state.

      (b)   "Person" means any individual, firm, company, partnership, corporationor association.

      (c)   "Precious metal" means gold, silver or platinum group metals or anyused articles or other used personal property containing such metals, butshall not include coins purchased for their numismatic value rather thantheir metal content or ingots or other industrial residue or by-productscomposed of such metals purchased from manufacturing firms.

      (d)   "Precious metal dealer" means any person who engages in the businessof purchasing precious metal for the purpose of reselling such metal in any form.

      History:   L. 1972, ch. 51, § 1;L. 1981, ch. 91, § 1;L. 1981, ch. 92, § 1; July 1.