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 […]
22-3-501. 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.