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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) At the time of a loan to a museum, the museum shall:
(1) Make and retain a written record of the following:
(A) The lender's name, address, and telephone number;
(B) A description of the loan;
(C) The date of the loan; and
(D) The expiration date of the loan; and
(2) Provide the lender with a signed receipt or copy of the loan agreement containing the information set out in subdivision (a)(1) of this section.
(b) The museum's general duties with respect to a loan include:
(1) Updating museum records whenever:
(A) A lender informs the museum of a change of address or change in the ownership of the loan; and
(B) The lender and museum negotiate a change in the terms of the loan;
(2) Providing the lender with notice about any update concerning the lender's loan; and
(3) Providing copies of §§ 13-5-1004, 13-5-1007, and 13-5-1009:
(A) To each lender who made a loan to the museum before the effective date of this subchapter and that loan is in the custody of the museum;
(B) To the lender at the time of the loan; and
(C) Upon a lender's request.
Cite this article: FindLaw.com - Arkansas Code Title 13. Libraries, Archives, and Cultural Resources § 13-5-1006. Duties of museum concerning a loan - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-13-libraries-archives-and-cultural-resources/ar-code-sect-13-5-1006/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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