Arkansas § 13-5-1009 Conservation measures

Arkansas Statutes

§ 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 staff and the loan agreement between the museum and the lender does not provide otherwise, a museum has the right to apply conservation measures to a loan without the lender's permission.

(b)If immediate conservation is not necessary but conservation is needed to preserve the loan's value, a museum has the right to apply a conservation measure to a loan:

(1)After the museum has notified the lender by certified or registered mail, return receipt requested, that a conservation measure is needed; and (2) If the lender or claimant:

(A)Does not respond to the notice within seven (7) days after the date on the return receipt showing receipt of the notice;

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(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 staff and the loan agreement between the museum and the lender does not provide otherwise, a museum has the right to apply conservation measures to a loan without the lender's permission. (b) If immediate conservation is not necessary but conservation is needed to preserve the loan's value, a museum has the right to apply a conservation measure to a loan: (1) After the museum has notified the lender by certified or registered mail, return receipt requested, that a conservation measure is needed; and (2) If the lender or claimant: (A) Does not respond to the notice within seven (7) days after the date on the return receipt showing receipt of the notice; or (B) Refuses to consent to the protective measures and will not agree to the termination of the loan and the immediate retrieval of the loan. (c) When a conservation measure is undertaken under subsection (a) or subsection (b) of this section, the museum: (1) Has a lien on the loan and on the proceeds of any disposition of the loan for the cost of the conservation measure; or (2) Is not liable for any injury to or loss of the loan if the museum: (A) Had a reasonable belief at the time conservation measures were taken that the conservation measures were necessary; and (B) Exercised reasonable care in the choice and application of conservation measures.

Arkansas § 13-5-1009 (Conservation measures) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.