ORS § 359.220

Current through 2024 Regular Session legislation effective June 6, 2024

Section 359.220 - Consignment contract requirements

An art dealer may accept a work of fine art, on a fee, commission or other compensation basis, on consignment from a consignor only if, prior to or at the time of acceptance, the art dealer enters into a written contract with the consignor establishing:

(1) The retail value of the work of fine art;

(2) The time within which the proceeds of the sale are to be paid to the consignor, if the work of fine art is sold;

(3) The minimum price for the sale of the work of fine art; and

(4) The fee, commission or other compensation basis of the art dealer.

ORS 359.220

1981 c.410 §5; 1985 c.830 §4; 2011 c. 230, § 3