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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) An art dealer may accept a work of art on a fee, commission, or other compensation basis on consignment from the artist who created the work of art only if prior to or at the time of acceptance the art dealer enters into a written contract with the artist establishing:
(1) The value of the work of art;
(2) The time within which the proceeds of the sale are to be paid to the artist if the work of art is sold; and
(3) The minimum price for the sale of the work of art.
(b) If an art dealer violates this Code section, a court may, at the request of the artist, void the obligation of the artist to that art dealer or to a person to whom the obligation is transferred other than a holder in due course.
Cite this article: FindLaw.com - Georgia Code Title 10. Commerce and Trade § 10-1-523 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-10-commerce-and-trade/ga-code-sect-10-1-523/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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