California § 1738.7 - A work of fine art received as a consignment shall remain trust property, notwith
Full text of California Public Contract Code - PCC § 1738.7 — A work of fine art received as a consignment shall remain trust property, notwith, with citation guidance and answers to common questions.
§ 1738.7. A work of fine art received as a consignment shall remain trust property, notwith
A work of fine art received as a consignment shall remain trust property, notwithstanding the subsequent purchase thereof by the consignee directly or indirectly for the consigneeâs own account until the price is paid in full to the consignor. If such work is thereafter resold to a bona fide purchaser before the consignor has been paid in full, the proceeds of the resale received by the consignee shall constitute funds held in trust for the benefit of the consignor to the extent necessary to pay any balance still due to the consignor and such trusteeship shall continue until the fiduciary obligation of the consignee with respect to such transaction is discharged in full.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1738.7
What does Public Contract Code - PCC § 1738.7 cover?
Section 1738.7 ("A work of fine art received as a consignment shall remain trust property, notwith") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1738.7?
A common citation format is "Public Contract Code - PCC § 1738.7" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1738.7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.