Title 21 — Title 21: Licenses
17 chapters · 129 sections in this title.
Conn. Gen. Stat. § 21-47n “Fine art” defined. License required.
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Sec. 21-47n. “Fine art” defined. License required. (a) For purposes of sections 21-47n to 21-47u, inclusive, “fine art” means any (1) drawing; (2) painting; (3) sculpture; (4) mosaic; (5) photograph; (6) work of calligraphy; (7) work of graphic art, including any etching, lithogr…
Conn. Gen. Stat. § 21-47o Fine art secured lender license.
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Sec. 21-47o. Fine art secured lender license. (a) The licensing authority of any town or city may grant licenses to suitable persons to be fine art secured lenders in such town or city respectively, and may suspend or revoke such licenses for cause, which shall include, but not b…
Conn. Gen. Stat. § 21-47p Identification required. Record keeping system. Exemptions.
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Sec. 21-47p. Identification required. Record keeping system. Exemptions. (a) No fine art secured lender shall take, receive or purchase fine art without receiving proof of the identity of the person depositing, pledging or selling the fine art. Such identification shall include a…
Conn. Gen. Stat. § 21-47q Memorandum or note. Limitation on fee for use of money loaned. Check, draft and money order requirements.
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Sec. 21-47q. Memorandum or note. Limitation on fee for use of money loaned. Check, draft and money order requirements. (a) Each fine art secured lender shall, at the time of making any loan on a deposit or pledge of fine art or of purchasing such fine art on condition of selling …
Conn. Gen. Stat. § 21-47r Quarterly transaction statements. Exemption.
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Sec. 21-47r. Quarterly transaction statements. Exemption. Each fine art secured lender shall submit quarterly to the licensing authority a sworn statement of his or her transactions, describing the fine art received and summarizing the nature and terms of each transaction. Such s…
Conn. Gen. Stat. § 21-47s Receipt for seized property. Request for return.
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Sec. 21-47s. Receipt for seized property. Request for return. Whenever property is seized from the place of business of a fine art secured lender by a law enforcement officer, such officer shall give the fine art secured lender a duly signed receipt for the fine art containing a …
Conn. Gen. Stat. § 21-47t Sale or disposal of fine art by lender. Right of redemption or repurchase.
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Sec. 21-47t. Sale or disposal of fine art by lender. Right of redemption or repurchase. No fine art secured lender shall sell or dispose of any fine art left with such fine art secured lender in deposit or pledge for money loaned or as a result of the purchase of such fine art on…
Conn. Gen. Stat. § 21-47u Penalties.
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Sec. 21-47u. Penalties. (a) Any person who wilfully engages in the business of a fine art secured lender, unless licensed according to law, or after notice that his or her license has been suspended or revoked, shall be guilty of a class D felony. (b) Any person who wilfully viol…
Conn. Gen. Stat. § 21-47v Exclusions.
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Sec. 21-47v. Exclusions. The provisions of sections 21-47n to 21-47u, inclusive, shall not apply to any bank, out-of-state bank or any affiliate of a bank or out-of-state bank, as such terms are defined in section 36a-2. (P.A. 12-131, S. 9.)