Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly As used in this chapter: (A) “Loan” and “on loan” mean a deposit of property not accompanied by a transfer of title to the property. (B) “Museum” means any institution located in this state that is operated by a governmental agency or […]
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly (A) Property on loan to a museum other than pursuant to a written agreement shall be considered to be abandoned, and title to the property shall vest in the museum, free from all claims of the owner and of all persons claiming […]
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly (A) A museum shall send notice of abandonment of property or termination of a loan by certified mail, return receipt requested, to the owner of the property at the owner’s last known address as shown by the records of the museum. If […]
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly (A) Unless there is a written loan agreement to the contrary, a museum may apply conservation measures to property on loan to the museum without notice to the owner or the owner’s permission, if such measures are necessary to protect the property […]
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly Upon accepting property on loan, a museum shall provide a written summary of the provisions of this chapter to the owner of the property.
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly The owner of any property on loan to a museum shall promptly notify the museum in writing of any change of the owner’s address or change in ownership of the property.
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly Any property that, on or after the effective date of this section, is delivered to a museum or left on museum property, is not solicited by the museum, is from an unknown source, and might reasonably be assumed to have been intended […]
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly The provisions of this chapter may be varied by written agreement of the parties.
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly (A) Property on loan to a museum shall not escheat to the state under any applicable escheat law, but shall pass to the museum under the provisions of this chapter. (B) This chapter does not apply to property interests other than those […]
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly A museum that acquires title to property in accordance with this chapter passes good title when transferring that property with the intent to pass title.
