State Codes and Statutes
Statutes > New-hampshire > TITLEXXXI > CHAPTER352 > 352-7
I. An art dealer shall not accept a work of art, on a fee, commission, or other compensation basis, on consignment from the artist who created the work of art unless, prior to or at the time of acceptance, the art dealer enters into a written contract with the artist that contains all of the following:
(a) The value of the work of art and whether it may be sold;
(b) The time within which the proceeds of the sale are to be paid to the artist, if the work of art is sold;
(c) The minimum price for the sale of the work of art;
(d) The fee or percentage of the sale price that is to be paid to the art dealer for displaying or selling the work of art;
(e) An agreed upon date for removal of artwork and date for termination of contract.
II. If an art dealer violates this section, a court, at the request of the artist, may 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.
Source. 1988, 117:1, eff. Jan. 1, 1989.
