§ 313-2. Definitions.  


Latest version.
  • For the purpose of this chapter, the following words and phrases shall have the meanings respectively ascribed to them:
    PAWNBROKER
    Any person engaged in the business of lending money on the deposit or pledge of personal property or who purchases personal property with an expressed or implied agreement or understanding to sell it back at a stipulated price. If a pawnbroker also purchases used merchandise for resale, he must do so in accordance with the provisions of this chapter.
    PERSON
    Any individual, partnership, corporation, firm or association or any combination thereof.
    SECONDHAND DEALER
    Any person engaged in the business of conducting a secondhand store or dealing in secondhand goods, other than used car dealers and merchants taking furniture, appliances and like merchandise in on a trade in for new furniture, appliances and like items, whether or not such person, in addition to or in connection with such secondhand business, keeps in stock for retail goods, wares or merchandise, or any place of operation for dealing or in purchasing gold, silver or platinum.