North Carolina § 66-388 - Pawnbroker authority.
Full text of North Carolina North Carolina General Statutes § 66-388 — Pawnbroker authority., with citation guidance and answers to common questions.
§ 66-388. Pawnbroker authority.
A pawnbroker licensee is authorized to: (i) make loans on pledges of tangible personal property, (ii) deal in bullion stocks, (iii) purchase merchandise for resale from dealers, traders, and wholesale suppliers and (iv) use its capital and funds in any lawful manner within the general scope and purpose of its creation. Notwithstanding the provisions of this section, no pawnbroker has the authority enumerated in this section unless he has fully complied with the laws regulating the particular transactions involved. History (1989, c. 638, s. 2; 2012-46, s. 2.) Editor's Note. - Former G.S. 91A-4 was recodified as this section by Session Laws 2012-46, s. 2, effective October 1, 2012, and applicable to offenses committed on or after that date. Session Laws 2012-46, s. 33, provides, in part, that prosecutions for offenses committed before October 1, 2012, are not abated or affected by Session Laws 2012-46, and the statutes that would be applicable but for that act remain applicable to those prosecutions.
Frequently Asked Questions About North Carolina § 66-388
What does North Carolina General Statutes § 66-388 cover?
Section 66-388 ("Pawnbroker authority.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 66-388?
A common citation format is "North Carolina General Statutes § 66-388" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 66-388 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.