Arkansas § 13-5-1006 Duties of museum concerning a loan

Arkansas Statutes

§ 13-5-1006 — Duties of museum concerning a loan

Arkansas § 13-5-1006

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This text of Arkansas § 13-5-1006 (Duties of museum concerning a loan) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 13-5-1006 (2026).

Text

(a)At the time of a loan to a museum, the museum shall:

(1)Make and retain a written record of the following:

(A)The lender's name, address, and telephone number;

(B)A description of the loan;

(C)The date of the loan; and (D) The expiration date of the loan; and (2) Provide the lender with a signed receipt or copy of the loan agreement containing the information set out in subdivision (a)(1) of this section.

(b)The museum's general duties with respect to a loan include:

(1)Updating museum records whenever:

(A)A lender informs the museum of a change of address or change in the ownership of the loan; and (B) The lender and museum negotiate a change in the terms of the loan;

(2)Providing the lender with notice about any update concerning the lender's loan; and (3) Providing copies of

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(a) At the time of a loan to a museum, the museum shall: (1) Make and retain a written record of the following: (A) The lender's name, address, and telephone number; (B) A description of the loan; (C) The date of the loan; and (D) The expiration date of the loan; and (2) Provide the lender with a signed receipt or copy of the loan agreement containing the information set out in subdivision (a)(1) of this section. (b) The museum's general duties with respect to a loan include: (1) Updating museum records whenever: (A) A lender informs the museum of a change of address or change in the ownership of the loan; and (B) The lender and museum negotiate a change in the terms of the loan; (2) Providing the lender with notice about any update concerning the lender's loan; and (3) Providing copies of §§ 13-5-1004 , 13-5-1007 , and 13-5-1009 : (A) To each lender who made a loan to the museum before the effective date of this subchapter and that loan is in the custody of the museum; (B) To the lender at the time of the loan; and (C) Upon a lender's request.