§ 26-126. Definitions.

The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Business means an activity carried on by any person who buys crafted precious metal for profit. The term shall not include occasional purchases or sales made by a hobbyist nor shall it include activities regulated by the Texas Pawnshop Act, Vernon's Ann. Civ. St. art. 5069-51.01 et seq.

Crafted precious metals means 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, excluding coins and commemorative medallions.

Dealer means a person who engages in the business of purchasing and selling crafted precious metals.

Money means money which has numismatic value.

Temporary location means a place where business is conducted for a period shorter than 90 days.

(Code 1968, § 23½-1)

State law reference

Similar provisions, Vernon's Ann. Civ. St. art. 9009a, § 1.

Cross reference

Definitions generally, § 1-2.