Sec. 6.
Regardless of the date of a loan of property, beginning January 1, 1993, a museum may give notice of termination of a loan of property pursuant to section 7 under any of the following circumstances:
(a) The property was loaned to the museum for an indefinite term.
(b) The property was loaned to the museum for a specific term, and the term has expired.
(c) The property is undocumented property.
(d) The museum is permanently closing.
History: 1992, Act 24, Imd. Eff. Mar. 23, 1992
Structure Michigan Compiled Laws
Chapter 399 - Historical Records and Sites
Act 24 of 1992 - The Museum Disposition of Property Act (399.601 - 399.613)
Section 399.601 - Short Title.
Section 399.602 - Definitions.
Section 399.603 - Property Loaned to Museum on or After January 1, 1993; Duties.
Section 399.604 - Property Loaned to Museum Generally; Duties.
Section 399.605 - Notice of Change in Lender or Designee's Address or Ownership.
Section 399.606 - Notice by Museum to Terminate Loan of Property; Conditions.
Section 399.608 - Property Loaned for Indefinite Term.
Section 399.609 - Documentation Establishing Ownership.
Section 399.610 - Competing Claims for Property.
Section 399.611 - Museum Gaining Title to Property; Conditions; Notice.