§ 44-1771 Definitions
§ 44-1772 Art dealer and artist; relationship
§ 44-1773 Purchase or resale of consigned fine art by art dealer
§ 44-1774 Trust property exempt from claims of art dealer’s creditors
§ 44-1775 Art dealer required to obtain written contract
§ 44-1776 Art dealer; duties
§ 44-1777 Waiver voided
§ 44-1778 Civil penalty

Terms Used In Arizona Laws > Title 44 > Chapter 11 > Article 12 - Consignments of Works of Fine Art

  • Art dealer: means a person engaged in the business of selling works of fine art, other than a person exclusively engaged in the business of selling goods at public auction. See Arizona Laws 44-1771
  • Artist: means the creator of a work of fine art. See Arizona Laws 44-1771
  • Commission: means the Arizona corporation commission. See Arizona Laws 44-1801
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • On consignment: means delivered to an art dealer for the purpose of sale or exhibition, or both, to the public by the art dealer other than at a public auction. See Arizona Laws 44-1771
  • Person: means an individual, partnership, corporation, association, or any other entity of whatever kind or nature. See Arizona Laws 44-1691
  • Property: includes both real and personal property. See Arizona Laws 1-215
  • Trustee: A person or institution holding and administering property in trust.
  • Work of fine art: means an original or multiple original art work which is:

    (a) A visual rendition, including a painting, drawing, sculpture, mosaic or photograph. See Arizona Laws 44-1771