Regardless of the date of a loan of property, beginning January 1, 1993, a museum may give notice of termination of a loan of property pursuant to section 7 under any of the following circumstances:
  (a) The property was loaned to the museum for an indefinite term.
  (b) The property was loaned to the museum for a specific term, and the term has expired.
  (c) The property is undocumented property.
  (d) The museum is permanently closing.