Section 20Part 3 — OPERATION OF SECONDHAND DEALING BUSINESS
Statement of ownership
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A secondhand dealer shall not carry out a transaction where the value of the article is less than two hundred dollars without receiving and recording a signed statement in the form in Schedule 3 that the person with whom he is transacting business —
is in fact the owner of the article; or
has the power or the owner's written authority to sell, such power or authority detailing the full name and address of the owner.
A secondhand dealer shall not carry out a transaction where the article is valued at two hundred dollars or more without receiving and recording —
the full name and address of the owner;
proof of ownership of the article; and
where the person with whom he is transacting is not the owner, the power or written authority to sell from the owner.
A secondhand dealer who fails to comply with any of the requirements of this section commits an offence and is liable on summary conviction to a fine of twenty thousand dollars or to imprisonment for a term of three years, or to both.
For the purposes of this section, "proof of ownership" means the title, a receipt, any other proof of purchase detailing the name of the owner and the date on which the article was acquired, a declaration by the owner under the Voluntary Declarations Law (1998 Revision) or such other document as may be prescribed.
Defined Terms
proof of ownership
Cross References
- Section of Voluntary Declarations Law
reference to Voluntary Declarations Law (1998 Revision) for proof of ownership declaration