Oklahoma SB996 allows museums to acquire legal title to certain undocumented property and loaned property under specific conditions.
Oklahoma SB996 establishes a process for museums to acquire legal title to undocumented property held for seven years or more and loaned property after failed attempts to contact the lender. The museum must publish a notice and wait 90 days before claiming title. The lender has two years to reclaim property after notice. Museums must keep records and notify lenders of intent to claim title. Museums are not liable for injury or loss if they acted reasonably. The act also limits actions against museums for loaned property and outlines notice requirements for lenders.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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