2010 Georgia Code 10-1-523 Case Law
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One Click Case Law for § 10-1-523
O.C.G.A. § 10-1-522 <-- --> O.C.G.A. §10-1-524



2010 Georgia Code

TITLE 10 - COMMERCE AND TRADE

CHAPTER 1 - SELLING AND OTHER TRADE PRACTICES
ARTICLE 17A - CONSIGNMENT OF ART
§ 10-1-523 - Written contract required for consignment of work of art; violation by art dealer rendering artist's obligation voidable

O.C.G.A. 10-1-523 (2010)
10-1-523. Written contract required for consignment of work of art; violation by art dealer rendering artist's obligation voidable


(a) An art dealer may accept a work of art on a fee, commission, or other compensation basis on consignment from the artist who created the work of art only if prior to or at the time of acceptance the art dealer enters into a written contract with the artist establishing:

(1) The value of the work of art;

(2) The time within which the proceeds of the sale are to be paid to the artist if the work of art is sold; and

(3) The minimum price for the sale of the work of art.

(b) If an art dealer violates this Code section, a court may, at the request of the artist, void the obligation of the artist to that art dealer or to a person to whom the obligation is transferred other than a holder in due course.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com