Bill Text: CT HB05506 | 2018 | General Assembly | Introduced

---

Bill Title: An Act Concerning The Sale And Disposition Of Precious Metals And Stones.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2018-03-12 - Public Hearing 03/16 [HB05506 Detail]

Download: Connecticut-2018-HB05506-Introduced.html

---

General Assembly		Raised Bill No. 5506
February Session, 2018		LCO No. 2026
		*02026_______JUD*
Referred to Committee on JUDICIARY
Introduced by:
(JUD)

AN ACT CONCERNING THE SALE AND DISPOSITION OF PRECIOUS METALS AND STONES.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subsection (l) of section 21-100 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2018):

(l) No licensee shall sell or dispose of any property, other than bullion or coins, acquired in any transaction in the course of business in less than [five] thirty days after the date of such transaction, and no licensing authority may require a licensee to refrain from selling or disposing of such property for more than [five] thirty days after the date of such transaction. The licensing authority may grant exemptions from the requirements of this subsection for good cause shown.

This act shall take effect as follows and shall amend the following sections:
Section 1	October 1, 2018	21-100(l)

Statement of Purpose:

To require dealers in precious metals and stones to retain certain property for thirty days prior to the sale or disposition of such property.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]