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2005 SESSION
HB 2803 Museums; status of property loaned to or deposited therewith.
Introduced by: Clifford L. Athey, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Status of property loaned to or deposited with museum prior to July 1, 2002. Provides that except as otherwise provided in a written agreement between a lender and a museum, property loaned to or deposited with a museum prior to July 1, 2002, may be discarded or transferred to another museum located in Virginia provided that (i) the notice provisions of §§ 55-210.35 and 55-210.36 have been complied with and (ii) such property is held by the museum receiving the transfer for at least three years before it sells or disposes of such property.
SUMMARY AS INTRODUCED:
Status of property loaned to or deposited with museum prior to July 1, 2002. Allows property given to a museum where, in effect, it has been abandoned, to be transferred to another Virginia museum; however, such property may not be sold by the museum receiving the transfer. Other provisions of the Code already cover property abandoned in this manner on and after July 1, 2002.