AB 1182, as amended, Santiago. Secondhand goods: tangible personal property.
Existing law requires secondhand dealers and coin dealers to, among other things, report certain secondhand tangible personal property taken in trade or pawn, accepted for sale on consignment, or accepted for auctioning, to the chief of police or to the sheriff, as specified. Existing law defines “tangible personal property” for those purposes as including secondhand tangible personal property that bears or bears evidence of having had a serial number or personalized initials and new or used tangible personal property that is received as security for a loan by a pawnbroker or is commonly sold by secondhand dealers and part of a significant class of stolen goods. Existing law requires the Attorney General to supply to local law enforcement agencies and periodically update a list of that personal property commonly sold by secondhand dealers and part of a significant class of stolen goods.
This bill would require the Attorney General to update that list annually and post the list on his or her Internet Web site.begin insert The bill would allow a county law enforcement agency to use its own list, as described, until the Attorney General provides the first annual updated list.end insert The bill would instead specify that “tangible personal property” means secondhand tangible personal property that bears or bears evidence of having had a serial number or personalized initials and new or used tangible personal property that is received as security for a loan by a pawnbroker or is commonly sold by secondhand dealers and part of a significant class of stolen goods.
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 21627 of the Business and Professions
2Code is amended to read:
(a) As used in this article, “tangible personal property”
4means all secondhand tangible personal property which bears a
5serial number or personalized initials or inscription or which, at
6the time it is acquired by the secondhand dealer, bears evidence
7of having had a serial number or personalized initials or inscription.
8(b) “Tangible personal property” also means the following:
9(1) All tangible personal property, new or used, including motor
10vehicles, received in pledge as security for a loan by a pawnbroker.
11(2) All tangible personal property that bears a serial number or
12personalized
initials or inscription which is purchased by a
13secondhand dealer or a pawnbroker or which, at the time of such
14purchase, bears evidence of having had a serial number or
15personalized initials or inscription.
16(3) begin insert(A)end insertbegin insert end insertAll personal property commonly sold by secondhand
17dealers which statistically is found through crime reports to the
18Attorney General to constitute a significant class of stolen goods.
19A list of such personal property shall be supplied by the Attorney
20General to all local law enforcement agencies and posted on the
21Attorney General’s Internet Web site. Such list shall be updated
22annually by the Attorney General to insure that it addresses current
23problems with stolen goods.
24(B) A county law enforcement agency may use its own list of
25personal property commonly sold by secondhand dealers which
P3 1statistically is found through crime reports to the county law
2enforcement agency to constitute a significant class of stolen goods
3until the Attorney General provides the first annual update of the
4list of personal property.
5(c) As used in this article, “tangible personal property” does not
6include any new goods or merchandise purchased from a bona fide
7manufacturer or distributor or wholesaler of such new goods or
8merchandise by a secondhand dealer. For the purposes of this
9article, however, a secondhand dealer shall retain for one year
10from the date of purchase, and shall make available for inspection
11by any law enforcement officer, any receipt, invoice, bill of sale
12or
other evidence of purchase of such new goods or merchandise.
13(d) As used in this article, “tangible personal property” does
14not include coins, monetized bullion, or commercial grade ingots
15of gold, silver, or other precious metals. “Commercial grade ingots”
16means 0.99 fine or finer ingots of gold, silver, palladium, or
17platinum, or 0.925 fine sterling silver art bars and medallions,
18provided that the ingots, art bars, and medallions are marked by
19the refiner or fabricator as to their assay fineness.
O
96