Arizona Laws 44-355. Museum obligations to the lender
Current as of: 2023 | Check for updates
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In order to take title pursuant to this chapter a museum shall have the following obligations to a lender:
Terms Used In Arizona Laws 44-355
- Lender: means a person whose name appears on the records of the museum as the person legally entitled to property held or owing by the museum. See Arizona Laws 44-351
- Museum: means an organized and permanent nonprofit or public institution which is primarily educational, scientific, historic or aesthetic in purpose and which owns, borrows, cares for, studies, archives or exhibits property. See Arizona Laws 44-351
- Property: means all tangible objects, animate and inanimate, under a museum's care which have intrinsic scientific, historic, artistic or cultural value. See Arizona Laws 44-351
1. The museum must keep written records regarding the property for at least two years from the date of taking title pursuant to this chapter.
2. The museum must keep written records on all loans acquired. Records shall contain the owner’s name, address and phone number, the duration of the loan period and beginning date of the loan period.
3. The museum is responsible for notifying a lender of the museum’s change of address or dissolution.
4. The museum shall inform the lender, at the time the loan is made, of state laws governing unclaimed property.