Duties of museum concerning a loan

1. Law
2. Arkansas Code
3. Libraries, Archives, and Cultural Resources
4. Museums
5. Museum Property Act
6. Duties of museum concerning a loan

1. (a) At the time of a loan to a museum, the museum shall:

   1. (1) Make and retain a written record of the following:

      1. (A) The lender's name, address, and telephone number;

      2. (B) A description of the loan;

      3. (C) The date of the loan; and

      4. (D) The expiration date of the loan; and

   2. (2) Provide the lender with a signed receipt or copy of the loan agreement containing the information set out in subdivision (a)(1) of this section.

2. (b) The museum's general duties with respect to a loan include:

   1. (1) Updating museum records whenever:

      1. (A) A lender informs the museum of a change of address or change in the ownership of the loan; and

      2. (B) The lender and museum negotiate a change in the terms of the loan;

   2. (2) Providing the lender with notice about any update concerning the lender's loan; and

   3. (3) Providing copies of §§ 13-5-1004, 13-5-1007, and 13-5-1009:

      1. (A) To each lender who made a loan to the museum before the effective date of this subchapter and that loan is in the custody of the museum;

      2. (B) To the lender at the time of the loan; and

      3. (C) Upon a lender's request.

Download our app to see the most-to-date content.