305B.10 - MUSEUM OBLIGATIONS.
305B.10 MUSEUM OBLIGATIONS. In order to take title pursuant to this chapter a museum has thefollowing obligations to a lender or claimant: 1. The museum shall retain all written records regarding theproperty for at least three years from the date of taking titlepursuant to this chapter. 2. The museum shall keep written records on all loaned propertyacquired pursuant to section 305B.6. Records shall contain thefollowing information: a. Lender's name, address, and phone number. b. 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. A museum accepting a loan of property on or after January 1,1989, shall inform the lender in writing at the time of the loan ofthe provisions of this chapter. A copy of the form notice prescribedin section 305B.8, or a citation to this chapter, is adequate forthis purpose. 4. The museum is responsible for notifying a lender or claimantof the museum's change of address or dissolution.
Section History: Recent Form 88 Acts, ch 1117, §10