§ 39-19-1. Short title
This chapter shall be known and may be cited as the “Museum Unclaimed Property Act.”
This chapter shall be known and may be cited as the “Museum Unclaimed Property Act.”
From and after March 26, 1997, a museum acquires title to unclaimed property, under any of the following circumstances: If a lender of property does not contact the museum in writing within ninety (90) days after the date notice was received for property for which a museum provides actual notice to a lender in accordance […]
Property on loan to a museum shall not escheat to the state under any state escheat law, but shall pass to the museum under the provisions of Section 39-19-11. Property interests other than those specifically addressed in this chapter are not affected by this chapter.
A museum which acquires title to property under this chapter passes good title to another when transferring the property with the intent to pass title.
From and after March 26, 1997, a museum shall have a lien for expenses incurred for reasonable care of loaned property unclaimed after the expiration date of the loan.
Unless there is a written agreement between the museum and the lender to the contrary, a museum may apply conservation measures to property on loan to the museum without the lender’s or claimant’s permission if immediate action is required to protect the property on loan or other property in the custody of the museum or […]
Notwithstanding the provisions of this chapter, a lender and museum can bind themselves to different loan provisions by written contract.
The following words and phrases shall have the meanings ascribed herein, unless the context clearly requires otherwise: “Lender” means an individual, corporation, partnership, trust, estate, or similar organization, whose name appears on the records of the museum as the entity legally entitled to control property on loan to the museum. “Loan,” “on loan,” or “loaned,” […]
For property loaned to a museum on or after March 26, 1997, the museum shall do all of the following at the time of the loan: Make and retain a written record containing at least all of the following: The lender’s name, address, and telephone number; A description of the property loaned in sufficient detail […]
As of March 26, 1997, the lender, or any successor of the lender, regardless of the date of a loan of property in the custody of a museum, shall promptly notify the museum in writing: Of a change in the lender’s address; and Of a change in ownership in the property on loan to the […]
A museum may terminate a loan for unclaimed property in its possession as follows: The museum shall make a good faith and reasonable search for the identity and last known address of the lender from the museum records and other records reasonably available to museum staff. If the museum identifies the lender and the lender’s […]