324.01 DEFINITIONS. Subdivision 1. Scope. For the purposes of sections 324.01 to 324.05, the following terms have the meanings given them. Subd. 2. Artist. “Artist” means the creator of a work of art or, if that person is deceased, the heirs or personal representatives of the creator of a work of art. Subd. 3. Art. […]
324.02 DELIVERY TO AND ACCEPTANCE BY ART DEALER. Notwithstanding any custom, practice, or usage of the trade to the contrary, if an artist delivers or causes to be delivered a work of art of the artist’s own creation to an art dealer in this state for the purpose of exhibition or sale, or both, on […]
324.03 RESULTS OF CONSIGNMENT; ARTIST-ART DEALER RELATIONSHIPS. A consignment of a work of fine art results in all of the following: (1) the art dealer, after delivery of the work of art, is an agent of the artist for the purpose of sale or exhibition of the consigned work of art within the state of […]
324.04 TRUST PROPERTY. A work of art received as a consignment remains trust property until the consignor has been paid in full, notwithstanding the subsequent purchase of it by the consignee directly or indirectly for the consignee’s own account. If the work is thereafter resold to a bona fide purchaser before the consignor has been […]
324.05 APPLICATION. Sections 324.01 to 324.05 do not apply to a written contract executed prior to August 1, 1983, unless either the parties agree by mutual consent that sections 324.01 to 324.05 apply, or the contract is extended or renewed after August 1, 1983. The provisions of sections 324.01 to 324.05 prevail over any conflicting […]
324.06 DEFINITIONS. As used in sections 324.06 to 324.10: (1) “artist” means the person who conceived or created the master image for, or which served as model for, the print; (2) “catalog” means an advertising medium published by a single individual or firm which solicits consumers to order fine prints through the mail or by […]
324.07 EXCEPTIONS. Sections 324.06 to 324.10 do not apply to: (1) prints which are printed prior to the effective date of sections 324.06 to 324.10; or (2) prints which are not offered for sale by means of a catalog and which are not alleged to be numbered or limited editions and signed by the artist; […]
324.08 ACTS PROHIBITED; DISCLOSURE STATEMENTS. Subdivision 1. Advertising disclosures. No catalog offering fine prints for sale in this state shall be knowingly published or distributed, or both, unless it clearly and conspicuously discloses the relevant informational detail as required by section 324.09 concerning each edition of the prints so offered or states that the relevant […]
324.09 INFORMATIONAL DETAIL. The following informational detail is required under section 324.08: (1) the name of the artist and the year when the fine print was printed; (2) the authorized maximum number of artist’s, publisher’s, printer’s, or other proofs, if any, outside of the regular edition and the total size of the edition; (3) whether […]
324.10 LIABILITY. (a) Any person who sells a fine print and who fails to disclose the information required by section 324.09 is liable to the purchaser thereof in an amount equal to the purchase price of the fine print, including any sales tax paid. (b) In addition to the liability imposed by paragraph (a), a […]
