Museum property; definitions; undocumented property; loaned property; acquiring title; preservation; disposal; effective date.

This bill outlines procedures for Oklahoma museums to gain ownership of "undocumented property" or property on loan. It allows museums to claim title to property held for seven years or more without a valid claim, or to loaned property after a certain period if the lender cannot be reached. The bill also sets rules for museums to apply conservation measures or dispose of property in urgent situations and establishes time limits for legal actions against museums regarding property.

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