The following definitions shall apply to and govern this article:
Authorized vendor.
A commercial supplier who deals in the wholesale distribution of regulated property in the ordinary course of business.
Crafted precious metals.
Includes jewelry, silverware, art objects, or any other thing or object made, in whole or in part, from gold, silver, platinum, palladium, iridium, rhodium, osmium, ruthenium, or their alloys.
Jewelry.
Includes stones removed from a mounting.
Personal identification certificate.
A certificate issued by the state department of public safety under V.T.C.A., Transportation Code chapter 521.
Power tools.
Includes pneumatic equipment and welding equipment.
Purchase.
A transaction in which a person takes title to regulated property in exchange for valuable consideration.
Regulated property.
New or used electronic equipment, business machines, photographic equipment, power tools, musical instruments, firearms, jewelry, or crafted precious metals.
(1996 Code, sec. 4.601)
A person who purchases regulated property for the purpose of resale shall:
(1) 
Keep a sales record which indicates the manufacturer or authorized vendor from which the regulated property was purchased; or
(2) 
If the regulated property was purchased from other than a manufacturer or authorized vendor, the person shall:
(A) 
At the time of purchase, record in a legible manner the name, address, driver’s license number or personal identification certificate number of the seller, a description of the property purchased, and the price paid or other consideration exchanged for the property purchased;
(B) 
At the time of purchase, determine that the photograph on the driver’s license or personal identification certificate is a photograph of the seller;
(C) 
Retain possession of the property purchased and withhold the property from resale for seven (7) business days;
(D) 
Make the purchased property available for inspection by any police officer during regular business hours while the property is in the person’s possession; and
(3) 
Maintain on file the information required by subsections (1) and (2) above for one (1) year from the date of purchase or until the item is sold, whichever occurs later.
(1996 Code, sec. 4.602)