Obligations to lender or claimant.

In order to take title pursuant to the Museum Property Act, 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 twenty-five years after the date of taking title pursuant to the act; (2) The museum shall keep written records on all loaned property acquired pursuant to section 51-704. Records shall contain the following information: (a) The lender's name, address, and telephone number; (b) The claimant's name, address, and telephone number; (c) The nature and terms of the loan; and (d) The beginning date of the loan period, if known; and (3) The museum is responsible for notifying a lender or claimant of the museum's change of address or dissolution.