Montana § 22-2-504 - Subsequent Sale -- Payment To Consignor
Full text of Montana Montana Code Annotated § 22-2-504 — Subsequent Sale -- Payment To Consignor, with citation guidance and answers to common questions.
§ 22-2-504. Subsequent Sale -- Payment To Consignor
Subsequent sale -- payment to consignor. A work of fine art received as a consignment remains trust property, notwithstanding the subsequent purchase thereof by the consignee directly or indirectly for the consignee's own account, until the price is paid in full to the consignor. If the work is resold to a bona fide purchaser before the consignor has been paid in full, the proceeds of the resale received by the consignee constitute funds held in trust for the benefit of the consignor to the extent necessary to pay any balance due to the consignor and the trusteeship continues until the fiduciary obligation of the consignee with respect to the transaction is discharged in full.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 22-2-504
What does Montana Code Annotated § 22-2-504 cover?
Section 22-2-504 ("Subsequent Sale -- Payment To Consignor") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 22-2-504?
A common citation format is "Montana Code Annotated § 22-2-504" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 22-2-504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.