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14.50 LOAN POLICY FOR THE ART MUSEUM Effective: July 17, 1996 PURPOSE: AUTHORITY/SOURCE:
POLICY: The Art Museum may also enter into contracts for Long-Term Loans of objects or of a collection of objects both to and from The Art Museum. With regard to Long-Term Loans (loans lasting for a duration of more than a year) policies and procedures for Acquisitions to the Collection (14.3) shall apply. All loans both to and from The Art Museum will be made for a specified time period and for a specific purpose, usually exhibition, but may include approved research, study or other education purposes consistent with the stated goals and policies of The Art Museum. Loans from The Art Museum collection shall only be made to other museums, art centers, or not-for-profit institutions for educational and public programs and under no circumstances will The Art Museum loan its collection to individuals or organizations for personal or private use or benefit. Further, all loans shall be conducted by means of a written contract/agreement between owner(s) or duly authorized representatives of both parties and must remain in the possession of the owner or authorized party until returned to the Lender of record. PROCEDURE: The Art Museum shall prepare and maintain records and documents pertaining to all loans. The Art Museum shall seek advise and approval from the University Attorney concerning legal issues and any written legal documents relating to the loan of property. In approving loans, the following minimum conditions, agreements and procedures will apply: A. Outgoing Loans
The Art Museum does not charge a fee for outgoing loans. However, the borrower may be expected to cover normal costs associated with completing the loan obligation as specified by The Art Museum including but not limited to costs for packing, crating, shipping, insurance and if necessary, costs for conservation or restoration that may be required to approve the loan for travel or display. With regard to Loans of Exhibitions, The Art Museum may charge a Loan or Rental Fee in consideration of the services furnished and the costs to be incurred by The Art Museum in organizing the Exhibition. All Exhibition Loan or Rental Fees collected shall be used to cover associated costs and services. All objects on loan to other institutions shall be handled only by experienced personnel under competent supervision. The borrower must demonstrate intent and ability to provide appropriate care, security and safekeeping and must agree to exercise special care at all times to insure against loss, damage, or deterioration. The borrower shall assume responsibility for loss or damage to objects for the period of the loan subject to normal exclusions. The borrower shall further agree to meet any special requirements for installation and/or security, handling, packing, shipping and transportation as specified by The Art Museum. The condition of each item shall be noted by The Art Museum in a written condition report prior to shipping. Upon receipt and prior to return of the objects, the borrower must make a written record of condition. The Art Museum must be notified immediately of any damage or suspected damage or loss. All objects on loan shall be insured during the period of the loan for the value determined by The Art Museum. The Art Museum reserves the right to withdraw collections from loan on short notice, and cancel the loan for good cause at any time. Each object shall be labeled and credited to The Art Museum as specified by The Art Museum. The Borrower's use of photographic reproductions for any purpose must be approved in advance and agreed to in writing by The Art Museum. B. Incoming Loans
The Art Museum shall only borrow art works for a specific purpose, usually exhibition, and it is the general policy of The Art Museum to refuse all unsolicited loans from individuals. The Art Museum agrees to exercise the same standards of care and safekeeping in handling and preservation of loans as it provides its own collections. The Art Museum will not
knowingly borrow objects stolen, illegally exported from its country
of origin or illegally A written loan agreement shall be prepared and include authorized signatures of both the Owner/Lender and The Art Museum. If a loaned work is for sale and is sold during the period of the loan on exhibit to The Art Museum, the lender shall pay a designated percentage fee to The Art Museum to be used exclusively for The Art Museum. The Art Museum reserves the right, unless specifically denied by the lender, to examine the work by all modern photographic means available. Information thus gathered will remain confidential and will not be published without the written consent of the lender. Unless notified in writing to the contrary, it is understood that this loan may be photographed and reproduced in The Art Museum's publications and for publicity purposes connected with an exhibition. The condition of each item shall be noted in a condition report prior to shipping and upon receipt and any damage or suspected damage shall be investigated immediately and appropriate action taken to notify the owner/lender. It is understood that The Art Museum will not clean, restore, or otherwise alter the work without the consent of the lender. The Art Museum will insure the work wall-to-wall under the conditions of its fine-arts policy and under conditions specified in the Incoming Loan Form for the amount specified by the Lender (which must reflect fair market value) against all risks of physical damage from any external cause while in transit and on location during the period of the loan and shall agree to the conditions as stated in the written loan agreement. (See Agreement and Conditions for Incoming Loan form) It is the responsibility of the Lender to immediately notify The Art Museum in writing of any change of ownership to the property on loan to the Museum. Any changes made to the original loan agreement, must be made and agreed to in writing. Objects will only be returned to the Lender of Record or to a location mutually agreed upon in writing by The Art Museum and the Lender of Record. C. Interdepartmental
Loans D. Unclaimed Loans
E. Objects Left in
the Temporary Custody of The Art Museum Purposes of such deposits should proceed expeditiously and shall only be accepted by The Art Museum when prompt attention can be given. The owner/depositor shall bear all costs associated with the return of the objects. The Art Museum Registrar shall complete a Temporary Deposit Receipt to be signed by the owner/depositor. Forms: |
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last updated:
April 11, 2002
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