(1) If it reasonably appears that a merchant is in possession of stolen goods the merchant shall on demand surrender the same forthwith to the owner thereof, except that the goods shall be placed in the custody of the appropriate law enforcement agency if they are evidence in relation to the commission of a crime. A merchant surrendering goods pursuant to this Subsection (1) of this Section shall be entitled to a receipt for the surrendered goods.

(2) If the merchant has good reason to believe that the subject goods are not stolen, or that the person claiming them is not the owner thereof, the merchant shall be entitled to a hearing on the issue of ownership, said hearing to be held in the time and manner described in Chapter 3.06, Provo City Code.

(3) The failure of a merchant to comply with the provisions of this Section may be a basis for the revocation of the license of the merchant.

(4) Compliance or noncompliance with this Section shall not affect any civil or criminal action relating to the subject goods.

(5) This Section shall not affect the right of law enforcement agencies to take possession of goods which are evidence in relation to the commission of a crime.