Missouri Laws 184.118 – Title to property museum’s obligation to lender or claimant — records to be ..
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;
Terms Used In Missouri Laws 184.118
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes real and personal property. See Missouri Laws 1.020
(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.