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Current as of March 08, 2022 | Updated by FindLaw Staff
In order to take title pursuant to this chapter a museum shall have the following obligations to a lender:
1. The museum must keep written records regarding the property for at least two years from the date of taking title pursuant to this chapter.
2. The museum must keep written records on all loans acquired. Records shall contain the owner's name, address and phone number, the duration of the loan period and beginning date of the loan period.
3. The museum is responsible for notifying a lender of the museum's change of address or dissolution.
4. The museum shall inform the lender, at the time the loan is made, of state laws governing unclaimed property.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 44. Trade and Commerce § 44-355. Museum obligations to the lender - last updated March 08, 2022 | https://codes.findlaw.com/az/title-44-trade-and-commerce/az-rev-st-sect-44-355/
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 or via Westlaw before relying on it for your legal needs.
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