Section 56-11-1 – Short title.
Sections 1 through 3 [56-11-1 to 56-11-3 NMSA 1978] of this act may be cited as the “Artists’ Consignment Act.” History: Laws 1979, ch. 196, § 1.
Section 56-11-2 – Definitions.
As used in the Artists’ Consignment Act: A. “art” means a painting, sculpture, drawing, work of graphic art, pottery, weaving, batik, macrame or quilt containing the artist’s original handwritten signature on the work of art; B. “artist” means the creator of a work of art, or, if he is deceased, the artist’s heirs or personal […]
Section 56-11-3 – Art consignment; priority of claims, liens or security interests.
A work of art delivered to an art dealer by an artist for the purpose of exhibition or sale, and the artists’ [artist’s] share of the proceeds from the sale of the work by the dealer, whether to the dealer on his own account or to a third person, shall create a priority in favor […]