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Current as of January 01, 2025 | Updated by Findlaw Staff
In order to take title pursuant to sections 184.101 to 184.122, a museum has the following obligations to a lender or claimant:
(1) The museum shall retain all written records regarding the property for at least three years from the date of taking title pursuant to sections 184.101 to 184.122;
(2) The museum shall keep written records of all loaned property acquired pursuant to section 184.111 or 184.112. Records maintained under this subsection shall contain the following information, as available:
(a) The lender's name, address, and phone number;
(b) The claimant's name, address, and phone number;
(c) The nature and terms of the loan;
(d) The beginning date of the loan period, if known;
(3) On or after December 31, 1991, a museum accepting a loan of property for an indefinite term or for a term of seven years or longer shall inform the lender in writing at the time of the loan of the provisions of sections 184.101 to 184.122. A copy of the form notice prescribed in section 184.114 or a citation to the provisions of sections 184.101 to 184.122 shall fulfill this obligation;
(4) The museum is responsible for notifying a lender or claimant of the museum's change of address or dissolution.
Cite this article: FindLaw.com - Missouri Revised Statutes Title XI. Education and Libraries § 184.118. Title to property museum's obligation to lender or claimant--records to be retained, time period, content - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-xi-education-and-libraries/mo-rev-st-184-118/
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