Michigan Compiled Laws Act 24 Of 1992 The Museum Disposition Of Property Act (399.601 - 399.613)

• Section 399.601 Short Title.
  This act shall be known and may be cited as “the museum disposition of property act”. History: 1992, Act 24, Imd. Eff. Mar. 23,
• Section 399.602 Definitions.
  As used in this act: (a) “Lender” means a person whose name appears on the records of the museum as the person legally entitled...
• Section 399.603 Property Loaned To Museum On Or After January 1, 1993; Duties.
  For each item of property loaned to a museum on or after January 1, 1993, the museum shall do all of the following at...
• Section 399.604 Property Loaned To Museum Generally; Duties.
  Regardless of the date of a loan of property, a museum shall do each of the following: (a) Update its records if a lender...
• Section 399.605 Notice Of Change In Lender Or Designee's Address Or Ownership.
  For each item of property loaned to a museum on or after January 1, 1993, a lender shall provide the museum with written notice...
• Section 399.606 Notice By Museum To Terminate Loan Of Property; Conditions.
  Regardless of the date of a loan of property, beginning January 1, 1993, a museum may give notice of termination of a loan of...
• Section 399.607 Notice By Museum To Terminate Loan Of Property; Determining Identity And Last Known Address Of Lender; Written Statement Included In Notice; Signed Return Receipt Not Received; Publication Of Notice In Newspaper.
  (1) Before terminating a loan of property, a museum shall provide notice of a termination of a loan of property as provided in this...
• Section 399.608 Property Loaned For Indefinite Term.
  Beginning January 1, 1993, regardless of the date of a loan of property, a lender may give notice of termination of a loan of...
• Section 399.609 Documentation Establishing Ownership.
  A museum shall require a person to provide documentation sufficient to establish that the person is a lender of an item of property or...
• Section 399.610 Competing Claims For Property.
  If more than 1 person claims to be the lender of an item of property, and the claims are competing, a museum may wait...
• Section 399.611 Museum Gaining Title To Property; Conditions; Notice.
  (1) Beginning January 1, 1993, a museum gains title to an item of property, subject only to an interest or interests in that property...
• Section 399.612 Abrogation Of Rights And Obligations.
  This act does not abrogate rights and obligations of a lender or museum identified in a written agreement. History: 1992, Act 24, Imd. Eff....
• Section 399.613 Immunity From Civil Liability.
  Beginning January 1, 1993, a museum that in good faith relinquishes property in compliance with this act to a lender is immune from civil...

Last modified: October 10, 2016