407.303. Scrap metal dealers — payments in excess of $500 to be made by check — exceptions. — 1. Any scrap metal dealer paying out an amount that is five hundred dollars or more shall make such payment in the form of a check or shall pay by any method in which a financial institution makes and retains a record of the transaction.
2. This section shall not apply to any transaction for which the seller has an existing business relationship with the scrap metal dealer and is known to the scrap metal dealer making the purchase to be an established business or political subdivision that operates a business with a fixed location that can be reasonably expected to generate regulated scrap metal and can be reasonably identified as such a business.
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(L. 2008 S.B. 1034 & 802)
---- end of effective 28 Aug 2008 ----
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| 407.303 | 8/28/2013 | |||
| 407.303 | 8/28/2008 | 8/28/2013 | ||
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