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2020 Maryland Statutes
Commercial Law
Title 11 - Trade Regulation
Subtitle 8A - Consignment of Works of Fine Art
Section 11-8A-03 - Period During Which Work of Fine Art Remains Bailment Property
Universal Citation:
MD Commercial Law Code Ann. § 11-8A-03 (2020)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Notwithstanding the subsequent purchase of the work of fine art by the art dealer directly or indirectly for the art dealer’s own account, a work of fine art that is bailment property when initially accepted by the art dealer remains bailment property until the purchase price, minus the agreed upon commission, is paid in full to the artist.
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