Ch. 547                                     1993 LAWS OF MARYLAND

(c)     "Employee" means an individual who is employed by a dealer or pawnbroker
to buy, sell, or supervise directly the buying or selling of secondhand precious metal
objects,

(d) "License" means a license issued by the Secretary to do business as a dealer.

(e) "Pawnbroker" means a person who engages in pawn transactions.

(f)      "Pawn transaction" means a loan of money by a dealer on deposit or pledge of
personal property or other valuable thing other than securities or printed evidences of
indebtedness, or a purchase by a dealer of personal property or other valuable things on
condition of selling the same back at a stipulated price.

(g)     "Precious metal object" means:
(1) a precious metal that is:

(i) gold;

(ii)    iridium;

(iii) palladium;

(iv)    platinum; or

(v)     silver;

(2) a precious or semiprecious stone, or a pearl, that is or appears to have
been attached to or inlaid in a precious metal listed in paragraph (1) of this subsection or
any alley of a precious metal; or

(3) an object that is composed of a precious metal listed in paragraph (1) of
this subsection or any alloy of a precious metal if:

(i) the market value of the metal in the object lies principally in its
precious metal component; or

(ii) at least 25% of the weight of the object is precious metal.

(h) "Primary law enforcement unit" means the State Police, a police department,
or sheriff, as designated by resolution of the county governing body in the county in which
the license is held.

(I) (1) "SECONDHAND PERSONAL PROPERTY" MEANS PERSONAL

PROPERTY THAT WAS PREVIOUSLY OWNED, INCLUDING:

(I)     BINOCULARS;

(II)    CAMERAS;

(III) FIREARMS;                                                                     

(IV)   FURS;

(V)    HOUSEHOLD APPLIANCES;

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