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2020 North Carolina General Statutes
Chapter 66 - Commerce and Business
Article 45 - Pawnbrokers, Metal Dealers, and Scrap Dealers.
§ 66-388 - Pawnbroker authority.
Universal Citation: NC Gen Stat § 66-388 (2020)
66-388. Pawnbroker authority.
A pawnbroker licensee is authorized to: (i) make loans on pledges of tangible personal property, (ii) deal in bullion stocks, (iii) purchase merchandise for resale from dealers, traders, and wholesale suppliers and (iv) use its capital and funds in any lawful manner within the general scope and purpose of its creation. Notwithstanding the provisions of this section, no pawnbroker has the authority enumerated in this section unless he has fully complied with the laws regulating the particular transactions involved.
(1989, c. 638, s. 2; 2012-46, s. 2.)
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