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H. 3148
STATUS INFORMATION
General Bill
Sponsors: Reps. G.M. Smith and Pitts
Document Path: l:\council\bills\agm\18278ab15.docx
Introduced in the House on January 13, 2015
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Precious metal dealers
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/11/2014 House Prefiled
12/11/2014 House Referred to Committee on Labor, Commerce and Industry
1/13/2015 House Introduced and read first time (House Journal-page 115)
1/13/2015 House Referred to Committee on Labor, Commerce and Industry
(House Journal-page 115)
1/15/2015 House Member(s) request name added as sponsor: Pitts
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 40-54-50, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PRECIOUS METALS DEALERS, SO AS TO REVISE THE TIME FOR WHICH A DEALER MUST HOLD NON-COIN PRECIOUS METALS AT HIS PLACE OF BUSINESS WITHIN THE COUNTY OF PURCHASE WITHOUT BEING RESOLD.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 40-54-50(B) of the 1976 Code, as last amended by Act 292 of 2014, is further amended to read:
"(B) All precious metals, except coins, purchased by a dealer must be held by the dealer at his permanent place of business or within the county of purchase in this State without being resold, melted, or altered in any manner, for a period of twenty-one fifteen days from the purchase date. All goods required to be held under this section must at all reasonable times be open to inspection by any law enforcement agency."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on January 15, 2015 at 12:12 PM