Oklahoma § 59-1524 - Application for license - Bond - Fingerprints and

§ 59-1524. Application for license - Bond - Fingerprints and

photograph - Agent for service of process.

A. An application for a license pursuant to the provisions of

the Precious Metal and Gem Dealer Licensing Act shall be under oath

and state:

1. If the applicant is an individual, the full name and place

of residence of the applicant;

2. If the applicant is a partnership, the full name and place

of residence of each member of the partnership; and

3. If the applicant is a corporation, the full name and place

of residence of each officer or major stockholder of the

corporation.

B. The application shall state the location where the business

is to be conducted and contain such additional relevant information

as the Administrator may require. The Administrator shall require

documentation to verify the location where the business is to be

conducted or will be utilized by the applicant, including, but not

limited to, a deed, bill of sale, lease, or rental agreement. The

Administrator shall also require the name, contact person and

telephone number of the business location if the applicant is not

the owner of the business location.

C. In addition to the application provided for in subsection A

of this section, every applicant shall file with the Administrator a

bond satisfactory to said Administrator and in the amount of Ten

Thousand Dollars ($10,000.00) for each license sought, with a surety

company qualified to do business in this state as surety. The bond

shall be furnished to the state for the use of the state and of any

person or persons who may have a cause of action against the obligor

of the bond pursuant to the provisions of the Precious Metal and Gem

Dealer Licensing Act. The bond shall be conditional that the

obligor will comply with the provisions of the Precious Metal and

Gem Dealer Licensing Act and all rules and regulations made pursuant

to the Precious Metal and Gem Dealer Licensing Act, and will pay all

amounts of money that may be due to the state or any individual from

the obligor during the time such bond is in effect.

D. Each applicant shall submit a full set of fingerprints and a

photograph with each application for an original license. The

fingerprints may be used for a national criminal history record

check as defined in Section 150.9 of Title 74 of the Oklahoma

Statutes.

E. Each licensee shall maintain on file with the Administrator

a written appointment of a resident of this state as his or her

agent for service of all judicial or other process or legal notice,

Oklahoma Statutes - Title 59. Professions and Occupations

unless the licensee has appointed such an agent pursuant to the

provisions of another statute of this state.

Added by Laws 1981, c. 213, § 4, operative July 1, 1981. Amended by

Laws 1984, c. 95, § 1, operative July 1, 1984; Laws 2003, c. 204, §

6, eff. Nov. 1, 2003; Laws 2013, c. 153, § 1, eff. Nov. 1, 2013.