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A precious metal dealer shall require of every person from whom the dealer purchases precious metal for resale:

(a) Proof of identification; and

(b) A signed statement saying that the seller is the legal owner of the precious metal or is an agent of the legal owner who is authorized to sell such metal and stating when, where and in what manner such metal was acquired by the seller. (Code 1981 § 37-52. Code 1995 § 30-189.)