§ 563-46. Exempted operations.

Latest version.

A.
No license shall be required of:

(1)
Any bank, savings and loan or other financial institution that is doing business under state or federal banking laws.

(2)
Jewelry stores which engage wholly in the business of selling jewelry for its artistic or aesthetic content, independent of its intrinsic precious metal value.

B.
The following transactions shall be exempt from the provisions of this article:

(1)
The purchase, sale or exchange of coins made in whole or in part from precious metals for their numismatic value, independent of their intrinsic precious metal value.

Added 2-9-1982 by L.L. No. 5-1982

                    
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