Michigan Laws 399.603 – Property loaned to museum on or after January 1, 1993; duties
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For each item of property loaned to a museum on or after January 1, 1993, the museum shall do all of the following at the time of the loan:
(a) Make and retain a written record containing at least all of the following information:
Terms Used In Michigan Laws 399.603
- Lender: means a person whose name appears on the records of the museum as the person legally entitled to property on loan to a museum, or a person the museum knows to be legally entitled to property on loan to a museum, or a person who establishes his or her legal entitlement to that property. See Michigan Laws 399.602
- Loan: means a deposit of property that is not accompanied by a transfer of title to the property. See Michigan Laws 399.602
- Museum: means an institution generally known as a museum, archives, or library located in this state that is or does each of the following:
(i) Established primarily for artistic, educational, scientific, historic, or preservation purposes. See Michigan Laws 399.602person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l Property: means an animate or inanimate object in a museum's possession or under a museum's care because of that object's artistic, educational, scientific, historic, or cultural value. See Michigan Laws 399.602
(i) The owner’s name, address, and telephone number.
(ii) The name, address, and telephone number of a person designated by the owner for the museum to contact in the event that the owner cannot be located.
(iii) A description of the property loaned.
(iv) The beginning date of the loan.
(v) The duration of the loan.
(b) Provide the lender a signed receipt or loan agreement containing at least the record set forth in subdivision (a).
(c) Inform the lender of the existence of this act and provide the lender with a copy of this act upon the lender’s request.