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Tex. Occ. Code § 2101.003

CONSIGNED ART EXEMPT FROM CERTAIN LIENS OR CLAIMS

Known as the Artists' Consignment Act

The act spans §§ 2101.001 to 2101.004 (4 sections).

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff

(a) Notwithstanding any provision of the Business & Commerce Code, a work of art delivered to an art dealer for exhibition or sale and the proceeds from the dealer's sale of the work of art are not subject to a claim, lien, or security interest of a creditor of the dealer.

(b) This section applies to the proceeds of a sale of a work of art regardless of whether the art dealer or another person purchased the work.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.