Key retaining lock

Claim 1

A locking device having a padlock body and first and second shacklE parts interconnected by flexible cable or the like and having a key receiving locking mechanism which when rotated by a proper key inserted in the lock and rotated from a ''''lock'''' position to a lock ''''open'''' position, means associated with the key and locking mechanism prevents removal of the key, the combination comprising, rotatable retaining means connected to said lock mechanism disposed in said padlock body, said first and second shackle parts being received in bore means on opposite sides of said retaining means in the body, fixing means disposed between the retaining means and each of the shackle parts bearing against the retaining member and the shackle parts when the lock mechanism is in the ''''lock'''' position for holding said first and second shackle parts fixed to the padlock body, and said retaining means having indentation means thereon so that rotation with the lock mechanism to the ''''open'''' position aligns said indentation means with one of said shackle fixing means providing clearance therefor and the first shackle part associated therewith may be removed from the body bore means, plunger means contained within said removable shackle bore means being normally biased outwardly for movement against said shackle fixing means when the removable shackle is removed thereby holding said shackle fixing means in engagement with said retaining member indentation means and preventing rotation of said retaining member, locking mechanism and key to the ''''lock'''' position where said key may be removed from the lock.