Regulation 5 Amendment of the Artist’s Resale Right Regulations 2006

For regulation 9 (Persons entitled on succession) substitute—

“Transmission and vesting of resale right

9.

(1)

Where by virtue of this regulation resale right is transmitted to, or vests in, any person, it may be exercised by that person.

(2)

Resale right—

(a)

is transmissible as personal or moveable property by testamentary disposition or in accordance with the rules of intestate succession but only to a natural person or a qualifying body; and

(b)

may vest by operation of law in the personal representative of a deceased person.

(3)

Resale right may be further transmitted to a natural person or a qualifying body by any person to whom it passes under paragraph (2)(a).

(4)

Resale right may be transmitted as bona vacantia.

(5)

Resale right may vest by operation of law in an official receiver (or in Northern Ireland, the Official Receiver for Northern Ireland) or a trustee in bankruptcy.

(6)

Where resale right is transmitted to more than one person it belongs to them as owners in common.”.