Minnesota § 324.03 - RESULTS OF CONSIGNMENT; ARTIST-ART DEALER RELATIONSHIPS
Full text of Minnesota Minnesota Statutes § 324.03 — RESULTS OF CONSIGNMENT; ARTIST-ART DEALER RELATIONSHIPS, with citation guidance and answers to common questions.
§ 324.03. RESULTS OF CONSIGNMENT; ARTIST-ART DEALER RELATIONSHIPS
A consignment of a work of fine art results in all of the following:
(1) the art dealer, after delivery of the work of art, is an agent of the artist for the purpose of sale or exhibition of the consigned work of art within the state of Minnesota;
(2) the work of art is property held in trust by the consignee for the benefit of the consignor and is not subject to claim by a creditor of the consignee;
(3) the consignee is responsible for the loss of, or damage to, the work of art; and
(4) the proceeds from the sale of the work of art must be held in trust by the consignee for the benefit of the consignor. The proceeds must first be applied to pay any balance due to the consignor, unless the consignor expressly agrees otherwise in writing.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 324.03
What does Minnesota Statutes § 324.03 cover?
Section 324.03 ("RESULTS OF CONSIGNMENT; ARTIST-ART DEALER RELATIONSHIPS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. 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 Minnesota § 324.03?
A common citation format is "Minnesota Statutes § 324.03" (Minnesota). 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 Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 324.03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota 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 Minnesota.