Terms Used In Arizona Laws > Title 44 > Chapter 11 > Article 1 - Dealers of Precious Items

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Dealer: means a person engaged in conducting, managing or carrying on the business of purchasing solely precious items or precious items in addition to other tangible personal property. See Arizona Laws 44-1601
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
• Investment items: means commodities that possess the characteristics of those items commonly traded in internationally recognized markets. See Arizona Laws 44-1601
• Local law enforcement agency: means the police department of an incorporated city or town or, in areas outside of incorporated cities and towns, the county sheriff. See Arizona Laws 44-1601
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means an individual, partnership, corporation, association or any other entity of whatever kind or nature. See Arizona Laws 44-1601
• Precious item: means :

  (a) Secondhand gold, silver, platinum or jewelry, flatware or holloware containing gold, silver or platinum. See Arizona Laws 44-1601

• Purchase: means to buy, trade, exchange or receive a precious item. See Arizona Laws 44-1601
• Secondhand: means that the precious item has previously been owned by someone other than the manufacturer or dealer whose business it is to sell such items to the public. See Arizona Laws 44-1601
• sell: means a sale or any other disposition of a security or interest in a security for value and includes a contract to make such sale or disposition. See Arizona Laws 44-1801
• Statute: A law passed by a legislature.