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Code · Illinois · Chapter 815 — BUSINESS TRANSACTIONS · Act 320

Sec. 1. As used in this Act, unless the context otherwise requires:.

316 words·~1 min read·/il/chapter-815/act-320/1

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Sec. 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 fine art, other than a person exclusively engaged in the business of selling goods at public auction.
(2)"Artist" means the creator of a work of fine art or, if such person is deceased, the creator's heir, legatee, or personal representative.
(3)"On consignment" means that no title to, estate in, or right to possession of the work of fine art superior to that of the consignor shall vest in the consignee, notwithstanding the consignee's power or authority to transfer and convey all of the right, title, and interest of the consignor in and to such work of fine art to a third party.
(4)"Commission" means the fee, compensation, or percentage of the actual selling price of a work of fine art agreed upon by the artist and art dealer which the art dealer may retain after the sale of the artist's work to a third party.
(5)"Creditor" includes, but is not limited to, those persons embraced by the definition of "creditor" in Section 1-201 of the "Uniform Commercial Code", approved July 31, 1961, as amended.
(6)"Bona fide purchaser" means a person who in good faith makes a purchase without notice of any outstanding rights of others.
(7)"Work of fine art" means:
(a)A visual rendition including, but not limited to, a painting, drawing, sculpture, mosaic, videotape, or photograph.
(b)A work of calligraphy.
(c)A work of graphic art including, but not limited to, an etching, lithograph, serigraph, or offset print.
(d)A craft work in materials including, but not limited to, clay, textile, fiber, wood, metal, plastic, or glass.
(e)A work in mixed media including, but not limited to, a collage, assemblage, or work consisting of any combination of paragraphs
(a)through (d).
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