Michigan Laws 399.602 – Definitions
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As used in this act:
(a) “Lender” means a person whose name appears on the records of the museum as the person legally entitled to property on loan to a museum, or a person the museum knows to be legally entitled to property on loan to a museum, or a person who establishes his or her legal entitlement to that property.
Terms Used In Michigan Laws 399.602
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
- Lender: means a person whose name appears on the records of the museum as the person legally entitled to property on loan to a museum, or a person the museum knows to be legally entitled to property on loan to a museum, or a person who establishes his or her legal entitlement to that property. See Michigan Laws 399.602
- Loan: means a deposit of property that is not accompanied by a transfer of title to the property. See Michigan Laws 399.602
- Museum: means an institution generally known as a museum, archives, or library located in this state that is or does each of the following:
(i) Established primarily for artistic, educational, scientific, historic, or preservation purposes. See Michigan Laws 399.602person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l Property: means an animate or inanimate object in a museum's possession or under a museum's care because of that object's artistic, educational, scientific, historic, or cultural value. See Michigan Laws 399.602 state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(b) “Loan” means a deposit of property that is not accompanied by a transfer of title to the property.
(c) “Museum” means an institution generally known as a museum, archives, or library located in this state that is or does each of the following:
(i) Established primarily for artistic, educational, scientific, historic, or preservation purposes.
(ii) Exhibits, cares for, studies, archives, or catalogs property.
(iii) Operated by a nonprofit corporation, college, university, or public agency.
(d) “Property” means an animate or inanimate object in a museum’s possession or under a museum’s care because of that object’s artistic, educational, scientific, historic, or cultural value.
(e) “Undocumented property” means property in the possession of a museum, the owner or lender of which the museum has no reasonable means of identifying.