Commercial Law – General Regulatory Provisions

Purchase and Sale of Tools and Electronics

SECTION 6-53-1

§ 6-53-1. License required – "Person" defined.

(a) No person, including a pawnbroker, consignment shop, salvage yard operator, or second-hand dealer as defined in § 5-21-1, shall engage in the business of buying or receiving for the purpose of selling tools or electronic equipment, whether or not readily identifiable with a serial number, to include, but not limited to, generators, powers tools, video game consoles, MP3 players, computers, audio and video equipment, referred to in this chapter as "tools and electronics or trade-ins and store credits of the aforementioned," from the general public for the purpose of reselling the tools and electronics in any condition without first obtaining a license from the attorney general of the State of Rhode Island ("attorney general"). The attorney general shall not issue any license to a person who has not registered a permanent place of business within the state for the purchase or sale of tools and electronics. The criteria for determining a person's permanent place of business shall be formulated by the attorney general within ninety (90) days after passage.

(b) The word "person," when used in this chapter, shall include individuals, partnerships, associations, and corporations.

History of Section.
(P.L. 2011, ch. 399, § 1; P.L. 2014, ch. 528, § 40.)