Arkansas Code Title 13, Chapter 5, Subchapter 10 - Museum Property Act

• § 13-5-1001 - Title.
  This subchapter shall be known and may be cited as the "Museum Property Act".
• § 13-5-1002 - Purpose.
  The purpose of this subchapter is to: (1) Establish procedures for vesting in a museum ownership of abandoned or undocumented property in the possession...
• § 13-5-1003 - Definitions.
  As used in this subchapter: (1) "Address" means the most recent location of a claimant or lender as indicated by a museum's records pertaining...
• § 13-5-1004 - Procedure for Obtaining Ownership of an Abandoned Loan.
  (a) By complying with subsection (b) or subsection (c) of this section, a museum may obtain ownership of a loan if: (1) The loan...
• § 13-5-1005 - Museum's Right to Claim Ownership of Undocumented Property.
  (a) Undocumented property in the possession of a museum shall become the museum's property if no person has claimed the undocumented property within seven...
• § 13-5-1006 - Duties of Museum Concerning a Loan.
  (a) At the time of a loan to a museum, the museum shall: (1) Make and retain a written record of the following: (A)...
• § 13-5-1007 - Duties of Lender Concerning the Lender's Loan.
  (a) A lender who has made a loan to a museum shall promptly notify the museum in writing about a change in: (1) The...
• § 13-5-1008 - Lien for Expenses for Care of Unclaimed Property.
  A museum has a lien on unclaimed property for any expenses incurred while caring for the unclaimed property.
• § 13-5-1009 - Conservation Measures.
  (a) If immediate conservation is necessary to protect a loan, a museum's property, or the safety and welfare of the public and the museum's...
• § 13-5-1010 - Transfer of Title to Museum.
  A museum which acquires ownership of property under this subchapter receives the property free of any claim by a claimant or lender.
• § 13-5-1011 - Records Retention Schedule.
  A museum shall keep all records relating to loans and undocumented property while the museum has possession of the property or for twenty-five (25)...
• § 13-5-1012 - Conflicts With § 18-28-201 et Seq.
  This subchapter controls in the event that it conflicts with any of the provisions of § 18-28-201 et seq.
• § 13-5-1013 - Rules.
  The Department of Parks and Tourism, in consultation with the Department of Arkansas Heritage, shall promulgate rules to carry out the provisions of this...

Last modified: November 15, 2016