Museum obligations.

In order to take title pursuant to this chapter a museum has the following obligations to a lender or claimant: 1. The museum shall retain all written records regarding the property for at least three years from the date of taking title pursuant to this chapter . 2. The museum shall keep written records on all loaned property acquired pursuant to section 305B.6 . Records shall contain the following information: a. Lender’s name, address, and phone number. b. Claimant’s name, address, and phone number. c. The nature and terms of the loan. d. The beginning date of the loan period, if known. 3. A museum accepting a loan of property on or after January 1, 1989, shall inform the lender in writing at the time of the loan of the provisions of this chapter . A copy of the form notice prescribed in section 305B.8 , or a citation to this chapter , is adequate for this purpose. 4. The museum is responsible for notifying a lender or claimant of the museum’s change of address or dissolution. 88 Acts, ch 1117, §10