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Terms Used In Iowa Code 556D.1

  • person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
556D.1 Definitions.
As used in this chapter, unless the context requires otherwise:
1. “”Art dealer”” means a person engaged in the business of selling works of fine art, in a
shop or gallery devoted in the majority to works of fine art, other than a person engaged in
the business of selling goods of general merchandise or at a public auction.
2. “”Artist”” means the person who creates a work of fine art or, if such person is deceased,
the person’s personal representative.
3. “”Consignment”” means a delivery of a work of fine art under which no title to, estate in,
or right to possession superior to that of the consignor vests in the consignee, notwithstanding
the consignee’s power or authority to transfer and convey to a third person all of the right,
title, and interest of the consignor in and to the fine art.
4. “”Fine art”” means a painting, sculpture, drawing, mosaic, photograph, work of graphic
art, including an etching, lithograph, offset print, silk screen, or work of graphic art of like
nature, a work of calligraphy, or a work in mixed media including a collage, assemblage, or
any combination of these art media which is one of a kind or is available in a limited issue or
series. “”Fine art”” also means crafts which include work in clay, textiles, fiber, wood, metal,
plastic, glass, or similar materials which is one of a kind or is available in a limited issue or
series.
5. “”Stated value”” means the amount agreed to be paid to the consignor.
86 Acts, ch 1233, §1