This Chapter shall not apply to a salvage yard regulated pursuant to Chapter 20 of the General Statutes, unless the salvage yard is engaged in the business of gathering or obtaining ferrous or nonferrous metals that have served their original economic purpose and is in the business of performing the manufacturing process by which ferrous metals or nonferrous metals are converted into raw material products consisting of prepared grades and having an existing or potential economic value.
N.C. Gen. Stat. § 66-420.1
Applicability
Known as the Pawnbrokers and Currency Converters Modernization Act
The act spans §§ 66-385–66-431 (38 sections).
2013-410, s. 30.5.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.