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Arkansas Code Title 17. Professions, Occupations, and Businesses § 17-23-202. Registration

Current as of March 28, 2024 | Updated by Findlaw Staff

(a)(1) A dealer shall register with local law enforcement in writing and on the form prescribed by the local law enforcement agency at least twenty-four (24) hours before conducting business in that jurisdiction.

(2) The registration shall include:

(A)(i) The name of the registrant.

(ii) If the registrant is a partnership or association, the name of each member of the partnership or association.

(iii) If the registrant is a corporation, the name of each officer and director and of the principal owner or owners of the issued and outstanding capital stock in the corporation;

(B) The residence and business address for each person listed under subdivision (a)(2)(A) of this section;

(C) The city or town with the street and number where the business is to be conducted;

(D) A statement that the registrant has:

(i) A bona fide established permanent place of business used primarily for the purchase of precious metals and precious items; and

(ii) A telephone number listed in the name of the business; and

(E) The name, address, and telephone number of the registered agent for service of process as provided under the Model Registered Agents Act, § 4-20-101 et seq., in the event of the commencement of any legal action in any court against the registrant.

(b) A nonresident applicant shall provide the principal place of business without the state and additional information as the local law enforcement agency in the jurisdiction in which the business or the seller is conducting business may require for the administration of its duties under this chapter to include without limitation:

(1) Photographs of each item purchased;

(2) Seller identification, including the same proof and limitations under § 17-23-203;

(3) Disclosures, including the same disclosures required under § 17-23-205;

(4) Records, including the same records required under § 17-23-206; and

(5) Holding periods, including the same holding periods under § 17-23-207.

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Cite this article: FindLaw.com - Arkansas Code Title 17. Professions, Occupations, and Businesses § 17-23-202. Registration - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-17-professions-occupations-and-businesses/ar-code-sect-17-23-202/

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