Michigan Laws 399.604 – Property loaned to museum generally; duties
Current as of: 2023 | Check for updates
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Regardless of the date of a loan of property, a museum shall do each of the following:
(a) Update its records if a lender informs the museum of a change of address or change in ownership of property loaned, or if the lender and museum negotiate a change in the duration of the loan.
Terms Used In Michigan Laws 399.604
- 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 399.602Property: 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
(b) If the museum changes its address, do each of the following:
(i) Provide each lender whose name and address is known to the museum with written notice of the change of address by ordinary mail within 30 days of the change of address.
(ii) Publish a notice of the change of address at least twice, 60 or more days apart, in a newspaper of general circulation in the county in which the museum is located.
(c) If the museum is permanently closing, terminate each loan pursuant to section 7.