Terms Used In Connecticut General Statutes > Chapter 737a - Artist-Art Dealer Consignments

• Art dealer: means a person, partnership, firm, association, limited liability company or corporation other than a public auctioneer who undertakes to sell a work of fine art. See Connecticut General Statutes 42-116k
• Artist: means the creator of a work of fine art. See Connecticut General Statutes 42-116k
• Consignee: means an art dealer who receives and accepts a work of fine art from a consignor for the purpose of sale, or exhibition and sale, to the public on a commission or fee or other basis of compensation. See Connecticut General Statutes 42-116k
• Consignor: means an artist or any person, partnership, firm, association, limited liability company or corporation who delivers a work of fine art to an art dealer for the purpose of sale, or exhibition and sale, to the public on a commission or fee or other basis of compensation. See Connecticut General Statutes 42-116k
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Fine art: means (1) a work of visual art such as a painting, sculpture, drawing, mosaic or photograph. See Connecticut General Statutes 42-116k
• 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.