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CT HB07282
Bill
Status
3/14/2017
Primary Sponsor
Judiciary Committee
Click for details
AI Summary
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Establishes civil action procedures allowing any person with knowledge of unlawfully possessed fine art to sue in Connecticut superior court where the art is located.
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Defines "fine art" as drawings, paintings, sculptures, photographs, and other artistic works with appraised value of at least $1 million, excluding antiquities.
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Requires persons acquiring fine art to obtain provenance documentation and ensure valid title; places burden on defendant to prove legal ownership chain if tainted title is alleged.
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If tainted title is proven, court orders the art treated as unclaimed property and holds title settlement proceedings; successful plaintiffs receive 15-25% of the art's value plus reasonable legal expenses.
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Establishes filing deadlines: actions for pre-October 1, 2017 discoveries must be brought by October 1, 2022; actions for later discoveries must be filed within five years of discovery.
Legislative Description
An Act Protecting Connecticut's Fine Art Market.
Last Action
Referred to Joint Committee on Judiciary
3/14/2017