Section 56-11-3 - Art consignment; priority of claims, liens or security interests

A work of art delivered to an art dealer by an artist for the purpose of exhibition or sale, and the artists' [artist's] share of the proceeds from the sale of the work by the dealer, whether to the dealer on his own account or to a third person, shall create a priority in favor of the artist over the claims, liens or security interests of the creditors of the art dealer, notwithstanding any provision of the Uniform Commercial Code [Chapter 55 NMSA 1978]. History: Laws 1979, ch. 196, § 3. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.