State Codes and Statutes

Statutes > North-carolina > Chapter_25C > GS_25C-3

§25C‑3.  Status of works of fine art subsequently purchased by art dealerfor his own account.

Notwithstanding the subsequentpurchase of a work of fine art by the art dealer directly or indirectly for theart dealer's own account, a work of fine art that is bailment property wheninitially accepted by the art dealer remains bailment property until thepurchase price minus the agreed upon commission, is paid in full to the artist.(1983, c. 822, s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_25C > GS_25C-3

§25C‑3.  Status of works of fine art subsequently purchased by art dealerfor his own account.

Notwithstanding the subsequentpurchase of a work of fine art by the art dealer directly or indirectly for theart dealer's own account, a work of fine art that is bailment property wheninitially accepted by the art dealer remains bailment property until thepurchase price minus the agreed upon commission, is paid in full to the artist.(1983, c. 822, s. 1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_25C > GS_25C-3

§25C‑3.  Status of works of fine art subsequently purchased by art dealerfor his own account.

Notwithstanding the subsequentpurchase of a work of fine art by the art dealer directly or indirectly for theart dealer's own account, a work of fine art that is bailment property wheninitially accepted by the art dealer remains bailment property until thepurchase price minus the agreed upon commission, is paid in full to the artist.(1983, c. 822, s. 1.)

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