5.45.060 – Pledges

  1. Redemption of Pledge:  No personal property received on deposit or pledge by any such licensed person shall be sold or permitted to be redeemed or removed from the place of business of such licensed person for the space of twenty-four (24) hours after the copy and statement required to be delivered to the Chief of Police shall have been delivered as required by Section 5.45.030.
  2. Pledge from Minor Prohibited:  No person licensed as aforesaid shall take or receive in pawn or pledge for money loaned, any property, bonds, notes, securities, article or other valuable thing from any minor under the age of eighteen (18) years, or which may be in the possession or under the control of any minor.
(1988-M-27: § 1)