1. If any personal property is advertised as having been lost or stolen, and the property or any property answering to the description advertised, or any part of it, is in the possession of any junk dealer or comes into his or her possession, the junk dealer shall immediately notify the sheriff of the county or the chief of police of the city or town in which the junk dealer does business, stating when and from whom the property was received. 2. Any junk dealer who has in his or her possession any personal property that is alleged to have been lost or stolen shall exhibit the property on demand to any police officer or constable, or other municipal or county official of the city, town or county in which the junk dealer does business, or to any person duly authorized in writing by any magistrate to inspect property in the possession of the junk dealer, if the person exhibits his or her authorization to the junk dealer.
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