Texas Occupations Code 2101.003 – Consigned Art Exempt From Certain Liens or Claims
Current as of: 2024 | Check for updates
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(a) Notwithstanding any provision of the Business & Commerce Code, a work of art delivered to an art dealer for exhibition or sale and the proceeds from the dealer’s sale of the work of art are not subject to a claim, lien, or security interest of a creditor of the dealer.
(b) This section applies to the proceeds of a sale of a work of art regardless of whether the art dealer or another person purchased the work.
Terms Used In Texas Occupations Code 2101.003
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005