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15 chapters · 260 sections in this title.
Ark. Code Ann. § 13-5-1001 Title
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This subchapter shall be known and may be cited as the “Museum Property Act”.
Ark. Code Ann. § 13-5-1002 Purpose
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(1) The purpose of this subchapter is to:(1) Establish procedures for vesting in a museum ownership of abandoned or undocumented property in the possession of the museum;(2) Establish procedures to terminate loans of property to a museum;(3) Allow a museum to conserve or dispose …
Ark. Code Ann. § 13-5-1003 Definitions
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(1) 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 to the property;(2) (A) “Claimant” means a person who has established or claims entitlement to or an interest in property held by a mu…
Ark. Code Ann. § 13-5-1004 Procedure for obtaining ownership of an abandoned loan
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(a) By complying with subsection (b) or subsection (c) of this section, a museum may obtain ownership of a loan if:(1) The loan agreement has expired; or(2) Both:(A) The loan has been in the museum's custody for more than ten (10) years; and(B) The loan agreement does not provide…