North Carolina General Statutes 25C-4. Creditors of art dealer may not reach works of fine art on consignment with art dealer
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Terms Used In North Carolina General Statutes 25C-4
- Art dealer: means an individual, partnership, firm, association, or corporation that undertakes to sell a work of fine art created by someone else;
(2) "Artist" means the creator of a work of fine art;
(3) "On consignment" means delivered to an art dealer for the purpose of sale or exhibition, or both, to the public by the art dealer; and
(4) "Work of fine art" means an original art work that is:
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
Property that is bailment property under this Article is not subject to the claims, liens, or security interests of the creditors of an art dealer. (1983, c. 822, s. 1; 1989, c. 464, s. 1.)