1850

LAWS OF MARYLAND

Ch. 436

(2) "PRECIOUS METALS" INCLUDES A PRECIOUS OR A
SEMIPRECIOUS STONE, OR A PEARL, THAT IS ATTACHED OR AFFIXED
TO, OR INLAID IN, GOLD, SILVER, PLATINUM, OR ANY ALLOY OF
ANY OF THESE METALS.                                                                     

(3) BOTH OF THESE TAKEN TOGETHER.

(D) (E) "DEALER" MEANS A PERSON ENGAGED IN THE
BUSINESS OF BUYING, ACQUIRING, OR TRADING COMMERCIALLY WITH
MEMBERS OF THE PUBLIC IN SECONDHAND PRECIOUS METALS IN THIS
STATE.

(E) "LOCAL LAW ENFORCEMENT AGENCY" MEANS A POLICE OR
SHERIFF'S DEPARTMENT DESIGNATED BY RESOLUTION OF THE COUNTY
GOVERNING BODY.

(E) (F) "SECRETARY" MEANS THE SECRETARY OF LICENSING
AND REGULATION.

(G) "PRIMARY LAW ENFORCEMENT AGENCY" MEANS THE STATE
POLICE, OR A POLICE OR SHERIFF'S DEPARTMENT, AS DESIGNATED
BY RESOLUTION OF THE COUNTY GOVERNING BODY.

417.

THIS SUBTITLE DOES NOT APPLY TO TRANSACTIONS
CONCERNING:

(1)  MERCHANDISE ACQUIRED FROM AN ESTABLISHED
MANUFACTURER OR LICENSED DEALER WITH A FIXED BUSINESS
ADDRESS, IF THE ACQUIRING DEALER RETAINS AN INVOICE OR OTHER
CUSTOMARY PROOF OF ORIGIN OF THE MERCHANDISE;

(2)  METALS ACQUIRED BY A LICENSED DENTIST IN
CONNECTION WITH THE PRACTICE OF DENTISTRY; OR

(3)  COINS OR SIMILAR NUMISMATIC ITEMS PRODUCED
BY A GOVERNMENT.

418.

(A)  THE SECRETARY SHALL LICENSE DEALERS. AFTER JUNE 1,
1981, EVERY DEALER IN THIS STATE SHALL BE LICENSED AS
PROVIDED IN THIS SUBTITLE. A LICENSE MAY BE ISSUED ONLY TO
AN INDIVIDUAL.

(B)  TO OBTAIN A LICENSE, A DEALER SHALL FILE A SIGNED
APPLICATION VERIFIED UNDER OATH WITH THE SECRETARY OF
LICENSING AND REGULATION OR HIS DESIGNEE. THE SECRETARY MAY
ARRANGE WITH THE CLERKS OF THE CIRCUIT COURT TO ACCEPT
APPLICATIONS AND FORWARD THEM TO THE SECRETARY.

(C) THE APPLICATION FORM SHALL BE BASED ON THE
APPLICATION FORM FOR A TRADER'S LICENSE AND SHALL INCLUDE:

(1) THE APPLICANT'S NAME, DATE OF BIRTH, AND
RESIDENCE ADDRESS;