THE PRECIOUS METAL AND GEM DEALER ACT (EXCERPT)
Act 95 of 1981
445.485 Retaining precious item for 9 calendar days; alteration.
A precious item received by a dealer shall be retained by the dealer for 9 calendar days after it was received, without any form of alteration other than that required to make an accurate appraisal of its value.
History: 1981, Act 95, Eff. Sept. 11, 1981
Am. 1990, Act 34, Eff. May 1, 1990
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