An artist who gives their artwork to someone else to sell (a consignor) can give up their right to have the sale money held in trust. But to do that, the artist has to agree to it in writing, and the agreement has to be clear and easy to notice. Even with that agreement, if the person selling the art ends up buying it for themselves, the waiver does not count. Also, giving up that right cannot be used to help pay off the artist's debts in a way that takes away the artist's other protections under this law.
407.907. of by artist, requirements. — An artist who is a may lawfully the of (3) of section 407.904 if such waiver is clear, , in writing, and signed by the artist who is the consignor. No waiver shall be valid with respect to the proceeds of a initially received "" but subsequently purchased by the directly or indirectly for his own account. No waiver shall to the of the consignor's in any manner which might be inconsistent with the rights under sections 407.900 to 407.910 of the artist who is the consignor.
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Source & history notes
(L. 1984 S.B. 688 § 5)
Related Missouri laws
Contracts, prior to August 13, 1984, not affected, exceptions
RSMo 407.908
Art dealer is agent of artist
RSMo 407.905
Consignment, effect
RSMo 407.904
Violations
RSMo 407.910
Definitions
RSMo 407.911
Art delivered to art dealer for sale or exhibition deemed consignment, when, exception
RSMo 407.902
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.