Ohio § 5815.43
Full text of Ohio Ohio Revised Code § 5815.43, with citation guidance and answers to common questions.
§ 5815.43.
(A) If a work of art is trust property under section 5815.42 of the Revised Code when it is initially received by the art dealer, it remains trust property, notwithstanding
the subsequent purchase of the work of art by the art dealer directly or indirectly
for the art dealer's own account, until the purchase price specified pursuant to division (A)(3) of section 5815.45 of the Revised Code is paid in full to the artist. (B) If an art dealer resells a work of art that the art dealer purchased for the art
dealer's own account to a bona fide third party before the artist has been paid in
full, the work of art ceases to be trust property and the proceeds of the resale are
trust funds in the possession or control of the art dealer for the benefit of the
artist to the extent necessary to pay any balance still due to the artist. The trusteeship of the proceeds continues until the artist is paid in full under
the contract entered into pursuant to section 5815.45 of the Revised Code .
Frequently Asked Questions About Ohio § 5815.43
What does Ohio Revised Code § 5815.43 cover?
Section 5815.43 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 5815.43?
A common citation format is "Ohio Revised Code § 5815.43" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5815.43 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.