(1) As of March 26, 1997, the lender, or any successor of the lender, regardless of the date of a loan of property in the custody of a museum, shall promptly notify the museum in writing:
(a) Of a change in the lender’s address; and
(b) Of a change in ownership in the property on loan to the museum.
(2) It shall be the responsibility of a successor of a lender to document the passage of rights of control to the property in the custody of the museum.
(a) Unless there is evidence of bad faith or gross negligence, a museum shall not be prejudiced by reason of any failure to deal with the true owner of any loaned property.
(b) In cases of disputed ownership of loaned property, a museum shall not be held liable for its refusal to surrender loaned property in its possession except in reliance upon a court order or judgment.
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