32-8-402. Definition. For the purposes of parts 1 through 5 of this chapter, a precious metals account is a depository account in which the depository, upon instructions of a customer, exchanges cash for a commensurately valued amount of platinum, palladium, gold, or silver bullion procured by the depository for the primary purpose of safekeeping over an extended period of time.

     History: En. Sec. 26, Ch. 382, L. 1997.