Iowa § 556D.2 Consignment

Iowa Statutes

§ 556D.2 — Consignment

Iowa § 556D.2

Title XIVPROPERTY

Ch. 556DCONSIGNMENTS BETWEEN ARTISTS AND ART DEALERS

This text of Iowa § 556D.2 (Consignment) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 556D.2 (2026).

Text

1.Ifanartistdeliversorcausestobedeliveredaworkoffineartoftheartist’sowncreation toanartdealerinthisstateforthepurposeofexhibitionorsaleonacommission, fee, orother basis of compensation, the delivery to and acceptance of the work of fine art by the art dealer is a consignment, unless the delivery to the art dealer is an outright sale for which the artist receives or has received full compensation upon delivery.

2.When an art dealer accepts a work of fine art for the purposes of sale or exhibition and sale to the public on a commission, fee, or other basis of compensation, there shall be a contract or agreement between the artist and art dealer which shall include the following provisions:

a.That the amount of the proceeds due the artist from the sale of the work of fine art shall be deli

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1. Ifanartistdeliversorcausestobedeliveredaworkoffineartoftheartist’sowncreation
toanartdealerinthisstateforthepurposeofexhibitionorsaleonacommission, fee, orother
basis of compensation, the delivery to and acceptance of the work of fine art by the art dealer
is a consignment, unless the delivery to the art dealer is an outright sale for which the artist
receives or has received full compensation upon delivery.
2. When an art dealer accepts a work of fine art for the purposes of sale or exhibition
and sale to the public on a commission, fee, or other basis of compensation, there shall be
a contract or agreement between the artist and art dealer which shall include the following
provisions:
a. That the amount of the proceeds due the artist from the sale of the work of fine art shall
be delivered to the artist at a time agreed upon by the artist and the art dealer.
b. That the art dealer shall be responsible for the stated value of the work of fine art in
the event of the loss of or damage to the work of fine art while it is in the possession of the
art dealer.
c. That the work of fine art shall be sold by the art dealer only for the amount agreed upon
bytheartistinthecontractoragreementandthattheartdealerwilltakeonlythecommission
or fee agreed upon.
d. That the work of fine art may be used or displayed by the art dealer or any other person
only with the prior written consent of the artist. The artist may require that the artist be
acknowledged in the use of the work of fine art.