You are here: California / Business and Professions Code - BPC / ARTICLE 4. Tangible Personal Property [21625. - 21647.] / Section 21631.

Section 21631. (Added by Stats. 1992, Ch. 647, Sec. 2.)
Cite as: Cal. Bus. & Prof. Code §21631.

Notwithstanding any other provisions of law, all tangible personal property that is found in the shop of a pawnbroker, secondhand dealer, or coin dealer, doing business under a California secondhand dealer’s license, shall be reported as required under subdivisions (c) and (d) of Section 21628, including any additional information required by Section 21628 that is known by the reporting person, and shall be held as required under Section 21636 on forms as required under Section 21633. If no claim is made for the property for a period of 60 days after it is reported, the pawnbroker, secondhand dealer, or coin dealer may treat the property as property regularly acquired in the due course of business.

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