305B.11 - REQUIRED MUSEUM RECORDKEEPING.
305B.11 REQUIRED MUSEUM RECORDKEEPING. On or after January 1, 1989, a museum shall at minimum maintainand retain the following records, either originals or accuratecopies, for a period of not less than twenty-five years: 1. A notice of intent to preserve an interest in property. 2. The loan agreement, if any, and a receipt or ledger forproperty on loan. 3. A receipt or ledger for property delivered to an owner orclaimant. 4. Records containing the following information, as available,for property in the museum's possession: a. Lender's name, address, and phone number. b. Claimant's name, address, and phone number. c. Donor's name, address, and phone number. d. Seller's name, address, and phone number. e. The nature and terms of the transaction (loan forspecified term, loan for unspecified term, donation, purchase, etc.). f. The beginning date of the loan period or transaction date. The department of cultural affairs may by rule determine theminimum form and substance of recordkeeping by museums with regard tomuseum property to implement this chapter.
Section History: Recent Form 88 Acts, ch 1117, §11