(1) Every purchaser of valuable articles shall provide the local law enforcement agency, on a weekly basis, with two records, on a form to be provided by the local law enforcement agency, of all valuable articles purchased during the preceding week and one copy of the seller's declaration of ownership. The form for recording such purchases shall contain the information required to be recorded in the purchaser's register pursuant to section 18-16-105 and shall also include a physical description of the seller and the dollar amount of the purchase. Said form shall be signed, at the time of the purchase, by the seller and by the individual purchaser or his agent who participated in the purchase. The local law enforcement agency shall designate the day of the week on which the records and declarations shall be submitted.
(2) A copy of such record and the seller's declaration of ownership shall also be forwarded to the local law enforcement agency having jurisdiction in the area where the seller resides.
(3) The local law enforcement agency shall forward copies of such records and declarations of sellers' ownership, upon request, to any other law enforcement agency.
Source: L. 81: Entire article added, p. 1013, § 1, effective May 22. L. 83: (1) amended, p. 668, § 13, effective July 1.
Notes of Decisions
Sotelo v. Hutchens Trucking Co., Inc., 166 P.3d 285 (Colo. Ct. App. 2007).
· cites it 6× “2006, and an award of costs under § 18-16-107, C.R.S. 2006. The court denied this request in a written order.”
Exotic Coins, Inc. v. Beacom, 699 P.2d 930 (Colo. 1985).
· cites it 4× “§ 18-16-107. Persons engaged in the business of buying valuable articles may not purchase such an item from any person under the age of eighteen years.”
Rathke v. MacFarlane, 648 P.2d 648 (Colo. 1982).
· cites it 2× “In addition, section 18-16-107 requires purchasers to provide written records and reports of purchase transactions to local law enforcement agencies on a weekly basis, and section 18-16-104 prohibits the purchase of any valuable article from any person under eighteen years of…”
Sweeney v. United Artists Theater Circuit, Inc., 119 P.3d 538 (Colo. Ct. App. 2005).
· cites it 2× “2004, in awarding costs to defendant, the award was proper pursuant to either § 18-16-105 or § 18-16-107, C.R.S8.2004. The award of attorney fees is reversed, and the judgment is affirmed in all other respects.”
People v. Rankin, 724 P.2d 1354 (Colo. 1986).
· cites it 4× “The defendant signed the report of the particular purchase pursuant to section 18-16-107(1), 8 C.R.S. (1985 Supp.”
People v. Chavez, 764 P.2d 371 (Colo. Ct. App. 1988).
· cites it 2× “At the time of the sale defendant executed a declaration of ownership form required by § 18-16-107, C.R.S. (1986 Repl. Vol. 8B) for all purchases of valuable articles, indicating on the form that he had owned the bracelet for one year.”
— Colo. Rev. Stat. § 18-16-107(1) — 2 cases
Exotic Coins, Inc. v. Beacom, 699 P.2d 930 (Colo. 1985).
“§ 18-16-107. Persons engaged in the business of buying valuable articles may not purchase such an item from any person under the age of eighteen years.”
People v. Rankin, 724 P.2d 1354 (Colo. 1986).
“The defendant signed the report of the particular purchase pursuant to section 18-16-107(1), 8 C.R.S. (1985 Supp.”
— Colo. Rev. Stat. § 18-16-107(2) — 1 case
Exotic Coins, Inc. v. Beacom, 699 P.2d 930 (Colo. 1985).
“§ 18-16-107. Persons engaged in the business of buying valuable articles may not purchase such an item from any person under the age of eighteen years.”
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