NMSA 1978, § 56-11-1 Short title
56-11-1. Short title
Sections 1 through 3 [56-11-1 to 56-11-3 NMSA 1978] of this act may be cited as the "Artists' Consignment Act."
Laws 1979, ch. 196, § 1.
Artists' Consignment
NMSA 1978 ch. 56, art. 11
in effectNMSA 1978, § 56-11-2 Definitions
56-11-2. Definitions
As used in the Artists' Consignment Act:
A. "art" means a painting, sculpture, drawing, work of graphic art, pottery, weaving, batik, macrame or quilt containing the artist's original handwritten signature on the work of art;
B. "artist" means the creator of a work of art, or, if he is deceased, the artist's heirs or personal representative;
C. "art dealer" means a person primarily engaged in the business of selling works of art;
D. "creditor" means a "creditor" as defined in Section 55-1-201 NMSA 1978; and
E. "person" means an individual, partnership, corporation or association.
Laws 1979, ch. 196, § 2.
NMSA 1978, § 56-11-3 Art consignment; priority of claims, liens or security interests
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].
Laws 1979, ch. 196, § 3.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18559/index.doFetched: 10/20/2026