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Can you summarize MDCM Com. Law, Title 17, Subtitle 4?
Short Summary
This legal document, found in the Code of Maryland under Commercial Law, Title 17, SubTitle 4, governs various aspects related to property loans and acquisitions by museums. It outlines the requirements for notices given by museums when loaning property, including the information that must be included in the notice. The document also provides provisions for the application of conservation measures by museums to protect loaned property or ensure public safety. Additionally, it covers the acquisition of unsolicited donations by museums, specifying the process for asserting title to such donations and the consequences of not claiming ownership within a specified timeframe. The document further addresses the acquisition of title to undocumented property held by a museum, including the notice requirements and the transfer of title if no claim is made within the given timeframe. Lastly, the document governs the acquisition and termination of loaned property by museums, specifying the notice requirements for termination and the transfer of title if the lender does not respond within the given timeframe. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Museums and lenders of property on loan to museums.
What does it govern?
The provision governs the acquisition and termination of loaned property by museums, the acquisition of unsolicited donations, the acquisition of title to undocumented property held by a museum, and the notice requirements for museums when loaning property.
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Maryland