New Jersey § 12a:2-332
Full text of New Jersey New Jersey Statutes § 12a:2-332, with citation guidance and answers to common questions.
§ 12a:2-332.
(1) Notwithstanding the provision of N.J.S. 12A:2-326 , the consignor may be protected against the creditors of the consignee where: (a) the consignee or consignor places a sign on the craft or work of fine art which
states that the item is on consignment; or (b) the consignor establishes that the consignee is generally known by his creditors
to be substantially engaged in selling the goods of others; or (c) the consignor complies with the filing provisions of chapter 9 of this title (Uniform
Commercial Code-Secured Transactions), thereby perfecting a security interest in the
craft or work of fine art. (2) At the time the craft or work of fine art is placed on consignment, the consignee
shall provide the consignor with a written statement of consignor's rights as set
forth in subsection (1) of this section. A consignee who fails to give such notice shall be a petty disorderly person and
shall be subject, upon conviction, to the penalties set forth in N.J.S. 2C:43-3 . (3) A craft or work of fine art initially received on consignment shall remain the
property of the consignor upon compliance with the provisions of subsection (1) of
this section, notwithstanding the subsequent purchase of the craft or work of fine
art by the consignee, directly or indirectly, for the consignee's own account, until
the terms of the purchase are completed.
Frequently Asked Questions About New Jersey § 12a:2-332
What does New Jersey Statutes § 12a:2-332 cover?
Section 12a:2-332 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:2-332?
A common citation format is "New Jersey Statutes § 12a:2-332" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:2-332 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.