Illinois Compiled Statutes 815 Business Transactions: Article -

• Illinois Consignment of Art Act. - 815 ILCS 320, Section 0.01
  Short title. This Act may be cited as the Consignment of Art Act. (Source: P.A. 86-1324.)
• Illinois Consignment of Art Act. - 815 ILCS 320, Section 1
  As used in this Act, unless the context otherwise requires: (1) "Art dealer" means a person engaged in the business of selling works of...
• Illinois Consignment of Art Act. - 815 ILCS 320, Section 2
  Any custom, practice, or usage of the trade notwithstanding: (1) Whenever an artist delivers or causes to be delivered a work of fine art...
• Illinois Consignment of Art Act. - 815 ILCS 320, Section 3
  (1) If a work of fine art is trust property under Section 2 when initially received by the art dealer, it remains trust property...
• Illinois Consignment of Art Act. - 815 ILCS 320, Section 4
  No property which is trust property under Section 2 or Section 3 is subject to the claims, liens or security interests of the creditors...
• Illinois Consignment of Art Act. - 815 ILCS 320, Section 5
  (1) An art dealer may accept a work of fine art for commission on consignment from an artist only if prior to or within...
• Illinois Consignment of Art Act. - 815 ILCS 320, Section 6
  Any portion of an agreement which waives any provision of this Act is void. (Source: P.A. 84-683.)
• Illinois Consignment of Art Act. - 815 ILCS 320, Section 7
  Any art dealer who violates Section 5 is liable to the artist in an amount equal to: (1) $50; and (2) The actual damages,...
• Illinois Consignment of Art Act. - 815 ILCS 320, Section 8
  (1) This Act shall not apply to a written contract executed prior to the effective date of this Act, unless either the parties agree...

Last modified: February 18, 2015