Separation of purchases; inspection

Ind. Code § 25-37.5-1-4
in effect
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Sec. 4. Except as provided in section 5 of this chapter, every valuable metal dealer shall hold each purchase of valuable metal requiring notification for at least five (5) working days from the date of notification: (1) at the regular place of business of the valuable metal dealer; and (2) separate and apart, so that it is readily identifiable from all other purchases. During this period, a valuable metal dealer may not change the form of the valuable metal and shall permit any law enforcement officer to make inspection of the valuable metal purchased. Formerly: Acts 1971, P.L.380, SEC.1; Acts 1972, P.L.11, SEC.11. As amended by P.L.145-1990, SEC.4; P.L.224-2013, SEC.7.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/25Fetched: 10/17/2026

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