Section 47-25-1602 - Recordkeeping - Receipts(a) Every new and unused property merchant shall maintain receipts for the acquisition of new and unused property which must contain all of the following information: (1) The date of the transaction on which the property was acquired;(2) The name and address of the person, corporation, or entity from whom the property was acquired;(3) An identification and description of the property acquired;(4) The price paid for such property; and(5) The signatures of the person selling the property and the new and unused property merchant only if the new and unused property merchant acquires the property vis-á-vis the person selling the property if such person is not regularly engaged in the normal course of business of selling such property.(b) If a new and unused property merchant makes a single purchase of five hundred dollars ($500) or more from an individual or corporation, the bill of sale from such purchase shall be sufficient to satisfy the recordkeeping requirements of this subsection (a).