116.05 Redemption or Sale
116.05 REDEMPTION OR SALE
No personal property received on deposit, purchase, or pledge to any pawnbroker or second hand dealer shall be sold or permitted to be redeemed or removed from the place of business for five (5) days after the statement required to be delivered to the police has been delivered to the police. If the pawnbroker or dealer is notified of an adverse claim to the property, the property shall be held for a period of twenty (20) days, during which legal proceedings may be commenced to determine who is entitled to the property.
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