Section 11-8A-03 – Period During Which Work of Fine Art Remains Bailment Property
Notwithstanding the subsequent purchase of the work of fine art by the art dealer directly or indirectly for the art dealer’s own account, a work of fine art that is bailment property when initially accepted by the art dealer remains bailment property until the purchase price, minus the agreed upon commission, is paid in full […]
Section 11-705 – Enforcement by Attorney General
(a) Any person who violates any provision of this subtitle is subject to a penalty not exceeding $500 for each violation, which penalty the Attorney General may recover for the State in a civil action. (b) Before the Attorney General commences any action under this section, he shall give to the person against whom the action is […]
Section 11-8A-04 – Bailment Property Not Subject to Claims of Art Dealer’s Creditors
Property that is bailment property under this subtitle is not subject to the claims, liens, or security interests of the creditors of an art dealer.
Section 11-706 – Compliance With Other Statutes and Regulations
In any action brought under this subtitle, it is a defense that the advertisement concerning which the action is brought is subject to and complies with the rules and regulations of and the statutes administered by the Federal Trade Commission or any unit of the State government.
Section 11-901 – “Person” Defined
In this subtitle, “person” means an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.
Section 11-707 – Private Litigation Unaffected
This subtitle does not modify any right of a person in private litigation.
Section 11-801 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Consignee” means a commercial agent who is: (1) Entrusted with the possession of goods or agricultural products, by or for the owner, to be sold for compensation in the ordinary course of the agent’s trade or business; and (2) Generally known by those dealing with him to […]
Section 11-802 – Consignee’s Lien
A consignee is entitled to a lien on goods shipped or consigned to him for any money or negotiable instrument advanced or given to or for the use of the person in whose name the goods were shipped or consigned, unless the consignee has notice that the person is not the true owner of the […]
Section 11-803 – Consignee Holding Possessory Document Considered Owner of Goods
(a) Except as provided by subsection (b) of this section, a consignee entrusted with and in possession of a possessory document is considered the true owner of the goods described in the document for the purpose of any contract with a third person for: (1) The sale or disposal of the goods; or (2) The pledge or deposit […]
Section 11-804 – Contract Between Consignee and Third Person
(a) Except as provided in subsection (b) of this section, if in the ordinary course of business a contract for sale of goods is made between a consignee and a third person, the contract and any payment made in the ordinary course of business for the goods under the contract is valid against the owner of […]