22-3-501. Short title
22-3-501. Short title. This part may be cited as the “Museum Loan Act”. History: En. Sec. 1, Ch. 630, L. 1985.
22-3-502. Purpose
22-3-502. Purpose. The people of Montana have an interest in preserving and protecting objects of scientific, historic, artistic, or cultural value and making them accessible to the public. The purpose of this part is to serve this interest by establishing a uniform procedure for lenders to preserve their interests in property loaned to museums; to require […]
22-3-503. Definitions
22-3-503. Definitions. As used in this part, the following definitions apply: (1) ”Loan” means a deposit of property not accompanied by a transfer of title to the property. (2) ”Museum” means an institution located in Montana and operated by a nonprofit corporation or a public agency primarily for educational, scientific, or aesthetic purposes, and that owns, borrows, or […]
22-3-504. Loans for an indefinite term
22-3-504. Loans for an indefinite term. (1) If a museum accepts a loan of property for an indefinite term or for a term longer than 7 years, the museum must inform the lender in writing at the time of the loan of the provisions of this part. (2) For the purposes of this part, a loan for […]
22-3-505. Manner of giving notice to lender
22-3-505. Manner of giving notice to lender. When the provisions of this part require a museum to give notice to a lender, the museum is considered to have given notice if the museum mails the notice to the lender at the lender’s address and proof of receipt is received by the museum within 30 days from […]
22-3-506. Notice of intent to preserve interest
22-3-506. Notice of intent to preserve interest. (1) The owner of property on loan to a museum may file with the museum a notice of intent to preserve an interest in the property. This notice must be in writing and must contain a description of the property adequate to enable the museum to identify the property. […]
22-3-507. Notice of change of address or transfer of ownership
22-3-507. Notice of change of address or transfer of ownership. The owner of property on loan to a museum shall notify the museum in writing of any change of address or change in ownership of the property. History: En. Sec. 7, Ch. 630, L. 1985.
22-3-508. Conservation or disposal of loaned property
22-3-508. Conservation or disposal of loaned property. (1) Unless there is a written loan agreement to the contrary, a museum may apply conservation measures to or dispose of property on loan to the museum without the lender’s permission if immediate action is required to protect the property on loan or other property in the custody of […]
22-3-509. Notice of injury or loss
22-3-509. Notice of injury or loss. (1) A museum shall give a lender prompt notice of any known injury to or loss of property on loan. (2) A notice of injury or loss must contain the lender’s name, the lender’s most recent address as shown on the museum’s records, the date of the loan, and the name, […]
22-3-510. Notice of intent to terminate loan
22-3-510. Notice of intent to terminate loan. A museum may give the lender notice of its intent to terminate a loan made for an indefinite term or for a term longer than 7 years. A notice of intent to terminate a loan must include the lender’s name, the lender’s most recent address as shown on the […]
22-3-511. through 22-3-520 reserved
22-3-511 through 22-3-520 reserved.
22-3-521. Limitation on action against the museum
22-3-521. Limitation on action against the museum. (1) No action may be brought against a museum for damages because of injury to or loss of property loaned to the museum more than 3 years from the date the museum gives the lender notice of the injury or loss or 10 years from the date of the […]
22-3-522. Uniform Unclaimed Property Act superseded
22-3-522. Uniform Unclaimed Property Act superseded. The provisions of this part supersede the provisions of Title 70, chapter 9, except that at its option, a museum may report property that has been on loan unclaimed by its owner for more than 5 years to the department of revenue for disposition as provided in Title 70, chapter […]
22-3-523. Applicability
22-3-523. Applicability. This part applies only to property loaned to a museum on or after October 1, 1985, or to existing loaned property with a market value of $1,000 or less at the time of disposal. History: En. Sec. 14, Ch. 630, L. 1985.