Oklahoma § 60-2005 - Responsibilities to lender

Full text of Oklahoma Oklahoma Statutes § 60-2005 — Responsibilities to lender, with citation guidance and answers to common questions.

§ 60-2005. Responsibilities to lender

In order to take title pursuant to this act, a museum shall have

the following obligations to a lender:

1. The museum must keep written records regarding the property

for at least two (2) years from the date of taking title pursuant to

this act;

2. The museum must keep written records on all loans acquired.

Records shall contain the owner's name, address and phone number,

the duration of the loan period and beginning date of the loan

period, as well as an itemized list of property being loaned;

3. The museum is responsible for notifying a lender of the

museum's change of address or dissolution;

4. The museum shall inform the lender, at the time the loan is

made, of state laws governing unclaimed property; and

5. Upon expiration of the loan, the museum must attempt to

contact the lender by phone, email, and letter to return the loan.

Added by Laws 2025, c. 120, § 5, eff. Nov. 1, 2025.

Frequently Asked Questions About Oklahoma § 60-2005

What does Oklahoma Statutes § 60-2005 cover?

Section 60-2005 ("Responsibilities to lender") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Oklahoma § 60-2005?

A common citation format is "Oklahoma Statutes § 60-2005" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Oklahoma law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.

How does Oklahoma § 60-2005 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.