184.118 Title to property museum's obligation to lender or claimant — records to be ...

184.118. Title to property museum's obligation to lender or claimant — records to be retained, time period, content. — In order to take title pursuant to sections 184.101 to 184.122 , a museum has the following obligations to a lender or claimant: (1) The museum shall retain all written records regarding the property for at least three years from the date of taking title pursuant to sections 184.101 to 184.122 ; (2) The museum shall keep written records of all loaned property acquired pursuant to section 184.111 or 184.112 . Records maintained under this subsection shall contain the following information, as available: (a) The lender's name, address, and phone number; (b) The claimant's name, address, and phone number; (c) The nature and terms of the loan; (d) The beginning date of the loan period, if known; (3) On or after December 31, 1991, a museum accepting a loan of property for an indefinite term or for a term of seven years or longer shall inform the lender in writing at the time of the loan of the provisions of sections 184.101 to 184.122 . A copy of the form notice prescribed in section 184.114 or a citation to the provisions of sections 184.101 to 184.122 shall fulfill this obligation; (4) The museum is responsible for notifying a lender or claimant of the museum's change of address or dissolution. (L. 1991 S.B. 344 § 10)