Montana § 22-3-504 Loans For An Indefinite Term

Montana Statutes

§ 22-3-504 — Loans For An Indefinite Term

Montana·Title 22 LIBRARIES, ARTS, AND ANTIQUITIES·Ch. 3 ANTIQUITIES·Part 5 Museum Loan Act

22-3-504 . Loans for an indefinite term.

(1)If a museum accepts a loan of property for an indefinite term or for a term longer than 7 years, the museum must inform the lender in writing at the time of the loan of the provisions of this part.

(2)For the purposes of this part, a loan for a specified term becomes a loan for an indefinite term if the property remains in the custody of the museum after the specified term expires.

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22-3-504 . Loans for an indefinite term. (1) If a museum accepts a loan of property for an indefinite term or for a term longer than 7 years, the museum must inform the lender in writing at the time of the loan of the provisions of this part.
(2) For the purposes of this part, a loan for a specified term becomes a loan for an indefinite term if the property remains in the custody of the museum after the specified term expires.

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