§ 16-151. Definitions.

The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Authorized vendor means a commercial supplier who deals in the wholesale distribution of regulated property in the ordinary course of business.

Crafted precious metals includes jewelry, silverware, art objects or any other thing or object made, in whole or in part, from gold, silver, platinum, palladium, iridium, rhodium, osmium, ruthenium or their alloys.

Jewelry includes stones removed from a mounting.

Personal identification certificate means a certificate issued by the state department of public safety under Vernon's Ann. Civ. St. art. 6687b.

Purchase means a transaction in which a person takes title to regulated property in exchange for valuable consideration.

Regulated property means new or used:

(1)

Gold;

(2)

Silver;

(3)

Jewelry; or

(4)

Crafted precious metals.

(Code 1966, § 20-91)

Cross reference

Definitions and rules of construction generally, § 1-2.