Tennessee § 47-25-1004 - Effect of consignment.
Full text of Tennessee Tennessee Code Annotated § 47-25-1004 — Effect of consignment., with citation guidance and answers to common questions.
§ 47-25-1004. Effect of consignment.
A consignment of a work of art shall result in all of the following: The art dealer, after delivery of the work of art, shall constitute an agent of the artist for the purpose of sale or exhibition of the consigned work of art within the state of Tennessee; The work of art shall constitute property held in trust by the consignee for the benefit of the consignor and shall not be subject to claim by a creditor of the consignee; The consignee shall be responsible for the loss of, or damage to, the work of art; and The proceeds from the sale of the work of art shall constitute funds held in trust by the consignee for the benefit of the consignor. Such proceeds shall first be applied to pay any balance due to the consignor, unless the consignor expressly agrees otherwise in writing. Acts 1984, ch. 838, § 4.
Frequently Asked Questions About Tennessee § 47-25-1004
What does Tennessee Code Annotated § 47-25-1004 cover?
Section 47-25-1004 ("Effect of consignment.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 47-25-1004?
A common citation format is "Tennessee Code Annotated § 47-25-1004" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-25-1004 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.