5-19A-8
Section 5-19A-8 Certain acts by pawnbrokers prohibited. A pawnbroker, any clerk, agent, or
employee of a pawnbroker shall not do any of the following: (1) Fail to make an entry of any
material matter in the record book. (2) Make any false entry therein. (3) Falsify, obliterate,
destroy, or remove from the place of business records, books, or accounts relating to the
licensee's pawn transactions. (4) Refuse to allow the supervisor, the appropriate law enforcement
agency, the Attorney General, or any other duly authorized state or federal law enforcement
officer to inspect the pawn records or any pawn goods during the ordinary hours of business
or other acceptable time to both parties. (5) Fail to maintain a record of each pawn transaction
for at least four years. (6) Accept a pledge or purchase property from a person under the
age of 19 years. (7) Make any agreement requiring the personal liability of a pledgor or seller
or waiving any of the provisions of this section or providing for...
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5-19A-5
Section 5-19A-5 Statement verifying pledgor is rightful owner of goods; pawnbroker to maintain
record of transactions; goods to be maintained on premises for certain number of days before
resale. (a) The pledgor or seller shall sign a statement verifying that the pledgor or seller
is the rightful owner of the goods or is entitled to sell or pledge the goods and shall receive
an exact copy of the pawn ticket which shall be signed or initialed by the pawnbroker or any
employee of the pawnbroker. (b) The pawnbroker shall maintain a record of all transactions
of pledged or purchased goods on the premises. A pawnbroker shall make available to the appropriate
law enforcement agency a record of the transactions. These records shall be a correct copy
of the entries made of the pawn or purchase transaction, except as to the amount of cash advanced
or paid for the goods and the monthly pawnshop charge. (c) All goods purchased by the pawnbroker
except for automobiles, trucks, and similar vehicles...
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5-19A-2
Section 5-19A-2 Definitions. The following words and phrases shall have the following meanings:
(1) APPROPRIATE LAW ENFORCEMENT AGENCY. The sheriff of each county in which the pawnbroker
maintains an office, or the police chief of the municipality in which the pawnbroker maintains
an office. (2) ATTORNEY GENERAL. The Attorney General of the State of Alabama. (3) PAWN TRANSACTION.
Any loan on the security of pledged goods or any purchase of pledged goods on condition that
the pledged goods are left with the pawnbroker and may be redeemed or repurchased by the seller
for a fixed price within a fixed period of time. A "pawn transaction" does not include
the pledge to, or the purchase by, a pawnbroker of real or personal property from a customer
followed by the sale or the leasing of that property back to the customer in the same or a
related transaction. (4) PAWNBROKER. Any person engaged in the business of lending money on
the security of pledged goods left in pawn, or in the business of...
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5-19A-3
Section 5-19A-3 Pawnbroker to enter on pawn ticket record of information. At the time of making
the pawn or purchase transaction, the pawnbroker shall enter on the pawn ticket a record of
the following information which shall be typed or written in ink and in the English language:
(1) A clear and accurate description of the property, including model and serial number if
indicated on the property. (2) The name, residence address, and date of birth of the pledgor
or seller. (3) Date of the pawn or purchase transaction. (4) Type of identification and the
identification number accepted from pledgor or seller. (5) Description of the pledgor including
approximate height, sex, and race. (6) Amount of cash advanced. (7) The maturity date of the
pawn transaction and the amount due. (8) The monthly rate and pawn charges. (Acts 1992, No.
92-597, p. 1227, §3.)...
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5-19A-9
Section 5-19A-9 Pledgor presenting pawn ticket entitled to redeem or repurchase goods; lost
or damaged pledged goods in possession of pawnbroker; lost, destroyed, or stolen pawn ticket.
(a) Any person properly identified as pledgor or as authorized representative of the pledgor
and presenting a pawn ticket to the pawnbroker shall be entitled to redeem or repurchase the
pledged goods described in the ticket. In the event pledged goods are lost or damaged while
in the possession of the pawnbroker, it shall be the responsibility of the pawnbroker to replace
the lost or damaged goods with like kinds of merchandise and proof of replacement shall be
a defense to any prosecution. For the purposes of this subsection, "lost" includes
pledged goods that have been destroyed or have disappeared due to willful neglect that results
in the pledged goods being unavailable for return to the pledgor. (b) If the pawn ticket is
lost, destroyed, or stolen, the pledgor shall so notify the pawnbroker in...
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5-19A-6
Section 5-19A-6 Redemption or automatic forfeiture of pledged goods. A pledgor shall have no
obligation to redeem pledged goods or make any payment on a pawn transaction. Pledged goods
not redeemed within 30 days following the originally fixed maturity date shall be forfeited
to the pawnbroker and absolute right, title, and interest in and to the goods shall vest in
the pawnbroker. (Acts 1992, No. 92-597, p. 1227, §6.)...
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5-19A-10
Section 5-19A-10 Liens for pawnbrokers; pledged goods not redeemed on or before maturity date
fixed in ticket. (a) A pawnbroker shall have a lien on the pledged goods pawned for the money
advanced and the pawnshop charge owed, but not for other debts due to the pawnbroker, subject
to the rights of other persons who have an ownership interest or prior liens in the pledged
goods. The pawnbroker shall retain possession of the pledged goods except as otherwise herein
provided until the lien is satisfied. (b) Pledged goods not redeemed on or before the maturity
date if fixed and set out in the pawn ticket issued in connection with any transaction shall
be held by the pawnbroker for 30 days following that date and may be redeemed or repurchased
by the pledgor or seller within the period by the payment of the originally agreed redemption
price, and by the payment of an additional pawnshop charge equal to the original pawnshop
charge. (Acts 1992, No. 92-597, p. 1227, §10.)...
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2-29-9
Section 2-29-9 Prohibited acts. No person shall receive or offer to receive, sell or offer
to sell on commission within this state any kind of farm products without a permit, except
as permitted by this chapter. No person being a commission merchant in farm products shall
knowingly impose any false or fictitious charge for handling or services in connection with
farm products or, with intent to defraud, fail to account or make settlement therefor promptly
and properly or, with intent to deceive, make any material false statement or statements as
to market conditions or enter into any combination to fix the prices of farm products or,
with intent to defraud, make any material false statement or report as to the grade, condition,
markings, quality or quantity of goods, received or, without a permit, advertise or hold himself
out as a commission merchant in farm products or directly or indirectly purchase for his own
account goods received for sale on commission without prior written...
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7-1-201
Section 7-1-201 General definitions. (a) [Reserved]. (b) Subject to additional definitions
contained in the subsequent articles of this title which are applicable to specific articles
or parts thereof, and unless the context otherwise requires, in this title: (1) "Action,"
in the sense of a judicial proceeding, includes recoupment, counterclaim, set-off, suit in
equity, and any other proceeding in which rights are determined. (2) "Aggrieved party"
means a party entitled to pursue a remedy. (3) "Agreement," as distinguished from
"contract," means the bargain of the parties in fact, as found in their language
or inferred from other circumstances, including course of performance, course of dealing,
or usage of trade as provided in Section 7-1-303. (4) "Bank" means a person engaged
in the business of banking and includes a savings bank, savings and loan association, credit
union, and trust company. (5) "Bearer" means a person in possession of a negotiable
instrument, document of title, or...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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