2006 Michigan Compiled Laws - Act 40 of 1987


Act 40 of 1987

AN ACT to regulate the sale, exchange, and consignment of certain art objects produced in multiples.

History: 1987, Act 40, Eff. Dec. 9, 1987

The People of the State of Michigan enact:

Section 442.351Short title.
Section 442.351aDefinitions.
Section 442.352Information required; transactions to which act applicable.
Section 442.353Catalog, prospectus, flyer or other written material or advertisement.
Section 442.354Posting of legible sign.
Section 442.355Information to be supplied for each multiple; express warranty.
Section 442.356Supplying information for multiple produced after December 31, 1949.
Section 442.357Supplying information for multiple produced after December 31, 1899.
Section 442.358Supplying information for multiple produced before January 1, 1900.
Section 442.359Information as basis of bargain; express warranty; effect of furnishing name of artist; negating or limiting warranty; defense in action to enforce warranty; information regarding photographs; statement that information not applicable; disclaimer.
Section 442.360Rights, liabilities, and remedies cumulative.
Section 442.361Incurring obligations prescribed for art merchant.
Section 442.362Violation; liability.
Section 442.363Art merchant as agent for consignor or artist; liabilities; effect of good faith reliance on incorrect information.
Section 442.364Liability of consignor to purchaser.
Section 442.365Action to enforce act.
Section 442.366Effective date.
Section 442.367Conditional effective date.

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