58-4010. Property records; retention period.

143 words·~1 min read·/ks/chapter-58/58-4010

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

58-4010. Property records; retention period. On or after January 1, 1990, a museum shall at minimum maintain and retain the following records, either originals or accurate copies, for a period of not less than 25 years:

(a)A notice of intent to preserve an interest in property;

(b)the loan agreement, if any;

(c)a receipt or ledger for property delivered to an owner or claimant;

(d)records containing the following information, as available, for property in the museum's possession:

(1)The lender's name, address and phone number;

(2)the claimant's name, address and phone number;

(3)the donor's name, address and phone number;

(4)the seller's name, address and phone number;

(5)the nature and terms of the transaction (loan for specified term, loan for unspecified term, donation, purchase, etc.); and

(6)the beginning date of the loan period or transaction date.