The purpose of this part is to assist Arkansas museums who possess loaned or undocumented property further defined by Acts 2005, No. 2242, Arkansas Code § 13-5-1002, for:

1. (1) Establishing procedures for vesting in a museum ownership of abandoned or undocumented property in the possession of the museum;
2. (2) Establishing procedures to terminate loans of property to a museum;
3. (3) Allowing a museum to conserve or dispose of loaned or undocumented property under certain conditions; and
4. (4) Limiting actions to recover loaned or undocumented property.