Louisiana Revised Statutes 37:1864.1 – Photographic and other records; exceptions
Terms Used In Louisiana Revised Statutes 37:1864.1
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A.(1) In addition to the information required in La. Rev. Stat. 37:1864, every secondhand dealer shall obtain a photograph of a person selling or delivering merchandise or articles to the dealer if the fair market value of the merchandise is one hundred dollars or greater. The quality of such photograph shall be sufficient readily to identify the person depicted. In lieu of the photograph of the person selling or delivering the merchandise, the dealer may obtain either a thumbprint of such person, the quality of which thumbprint shall be sufficient to identify the person, or a photocopy of the person’s Louisiana driver’s license, driver’s license from another state, passport, military identification, or identification issued by a governmental agency or the United States Postal Service. Each photograph, thumbprint, or photocopy, as the case may be, shall be cross-referenced with the ledger entry required by La. Rev. Stat. 37:1864. The photograph, thumbprint, or photocopy shall be preserved for a period of at least a year.
(2) Pursuant to a request from a law enforcement agency, a secondhand dealer shall be required to capture photographically uniquely identifiable used merchandise or articles purchased pursuant to La. Rev. Stat. 37:1864(A). Photographs shall be made available to the law enforcement agency within twenty-four hours after the request.
B. A transaction between dealers who are licensed under Part I of Chapter 21 of Title 37 of the Louisiana Revised Statutes of 1950 shall be exempt from this Section.
C. The provisions of this Section shall not apply to:
(1) The sale or purchase of manufactured registered bullion bars, coins, or other numismatic items; or
(2) Repealed by Acts 2012, No. 292, §2.
Acts 1987, No. 901, §2; Acts 2010, No. 918, §1; Acts 2012, No. 292, §§1, 2.