Idaho State Statutes - Idaho Attorney Directory

A work of fine art
received as a consignment remains trust property, notwithstanding the
subsequent purchase thereof by the consignee directly or indirectly for the
consignee's own account until the price is paid in full to the consignor. If
the work is resold to a bona fide purchaser before the consignor has been paid
in full, the proceeds of the resale received by the consignee constitute funds
held in trust for the benefit of the consignor to the extent necessary to pay
any balance due to the consignor and the trusteeship continues until the
fiduciary obligation of the consignee with respect to the transaction is
discharged in full.

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