Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Judiciary and Hawaiian Affairs, to which was referred S.B. No. 2627 entitled:

begs leave to report as follows:

The purpose of this measure is to establish the rights and duties of artists and art dealers under an agreement for the consignment of art.

Testimony in support of this measure was submitted by two individuals.

Your Committee finds that there is a need to clarify the rights and duties of artists and art dealers under a consignment agreement, and this measure will address those needs. Specifically, this measure codifies the understanding that a consigned work is properly held in trust by the dealer for the artist.

As affirmed by the record of votes of the members of your Committee on Judiciary and Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2627 and recommends that it pass Third Reading.