2006 Michigan Compiled Laws - Act 90 of 1970


SALES OF FINE ART

Act 90 of 1970

AN ACT relating to the relationship between artists, art consignors, and art dealers; regulating certain consignment sales; establishing trust property and trust funds; limiting waivers of rights; and requiring certain receipts.


History: 1970, Act 90, Imd. Eff. Jan. 1, 1971 ;--Am. 1982, Act 396, Eff. Mar. 30, 1983




The People of the State of Michigan enact:

DocumentDescription
Section 442.311Definitions.
Section 442.312Consignment; trust property; trust funds; claims, liens, or security interest.
Section 442.312aWritten receipt as condition to commission on consignment; contents; effect of prior contract.
Section 442.313Repealed. 1982, Act 396, Eff. Mar. 30, 1983.
Section 442.314Effect of act as to existing contracts or arrangements.
Section 442.315Effective date of act.

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