Minnesota Statutes 324.01 – Definitions
Subdivision 1.Scope.
For the purposes of sections 324.01 to 324.05, the following terms have the meanings given them.
Subd. 2.Artist.
Terms Used In Minnesota Statutes 324.01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 324.01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
“Artist” means the creator of a work of art or, if that person is deceased, the heirs or personal representatives of the creator of a work of art.
Subd. 3.Art.
“Art” means a painting, sculpture, drawing, work of graphic art, photograph, weaving, or work of craft art.
Subd. 4.Art dealer.
“Art dealer” means a person engaged in the business of selling works of art, other than a person exclusively engaged in the business of selling goods at public auction.
Subd. 5.Person.
“Person” means an individual, partnership, corporation, association, or other group, however organized.
Subd. 6.Consignment.
“Consignment” means the delivery of possession of an art work by an artist to an art dealer by which no title to, estate in, or right to possession of, art, superior to that of the artist vests in the art dealer, notwithstanding the art dealer’s power or authority to transfer and convey to a third person all of the right, title, and interest of the artist in and to that work of art.