Current Status Introducing Body:House Bill Number:4462 Primary Sponsor:Cromer Committee Number:26 Type of Legislation:GB Subject:Pawnbrokers, items purchased by held for thirty days Residing Body:House Current Committee:Labor, Commerce and Industry Computer Document Number:JIC/5336SD.94 Introduced Date:19940112 Last History Body:House Last History Date:19940112 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Cromer Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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4462 House 19940112 Introduced, read first time, 26
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 40-39-75 SO AS TO PROVIDE THAT ITEMS PURCHASED BY A PAWNBROKER, EXCEPT ON INVOICE FROM A MANUFACTURER OR WHOLESALER WITH AN ESTABLISHED PLACE OF BUSINESS, MUST BE HELD FOR THIRTY DAYS BEFORE BEING DISPOSED OF, SOLD, ALTERED, OR MOVED FROM THE LOCATION AT WHICH IT WAS PURCHASED IN THIS STATE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 40-39-75. Items purchased by a pawnbroker, except on invoice from a manufacturer or wholesaler with an established place of business, must be held for thirty days before being disposed of, sold, altered, or moved from the location at which it was purchased in this State."
SECTION 2. This act takes effect upon approval by the Governor.