Oregon Statutes
§ 359.225 — Payment of sale proceeds of consigned work; consignor’s portion of funds not subject to claims of consignee’s creditors
Oregon § 359.225
This text of Oregon § 359.225 (Payment of sale proceeds of consigned work; consignor’s portion of funds not subject to claims of consignee’s creditors) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 359.225 (2026).
Text
The proceeds from a sale of a work of fine art on consignment shall be paid to the consignor within 30 days of receipt by the consignee unless the consignor expressly agrees otherwise in writing. If the sale of the work of fine art is on installment, the funds from the installment shall first be applied to pay any balance due the consignor on the sale, unless the consignor expressly agrees in writing that the proceeds on each installment shall be paid according to the percentage established by the consignment agreement. The consignor’s portion of funds received on the sale of the work of fine art or on installment are not subject to the claims of a creditor of the consignee.
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Legislative History
1981 c.410 §6; 1985 c.830 §5; 2011 c.230 §4
Nearby Sections
15
§ 359.025
Commission duties§ 359.030
Objectives of Arts Program§ 359.040
Duties of Arts Program§ 359.050
Powers of Arts Program§ 359.060
§ 359.060§ 359.065
Arts Program established§ 359.070
§ 359.070§ 359.080
§ 359.080§ 359.090
§ 359.090§ 359.095
§ 359.095§ 359.110
Gifts; Arts Program as custodian§ 359.120
Arts Trust AccountCite This Page — Counsel Stack
Bluebook (online)
Oregon § 359.225, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/359.225.