Sec. 8.
Beginning January 1, 1993, regardless of the date of a loan of property, a lender may give notice of termination of a loan of property if the property was loaned for an indefinite term. The lender shall give the museum at least 60 days' notice before the lender intends to remove the property.
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.