(a) Unless a written loan agreement provides otherwise, a museum may apply conservation measures to, or dispose of, undocumented property or property on loan to the museum without the lender's or claimant's permission or notice to the lender or claimant if:

1. (1) immediate action is required to protect the undocumented property or property on loan; or
2. (2) the property on loan has become a hazard to the health and safety of the public or to the museum's staff, and if at least 1 of the following applies:

(b) Unless a written loan agreement provides otherwise, a museum that applies conservation measures to or disposes of loaned property in accordance with subsection (a) shall:

1. (1) acquire and may enforce a lien on the loaned property in the amount of the costs incurred by the museum;
2. (2) not be liable to the lender or claimant for damage to, or loss of, the loaned property so long as the museum had a reasonable belief at the time the action was taken that the action was necessary; and
3. (3) if the museum applied conservation measures, not be liable to the lender or claimant for damage to, or loss of, the loaned property so long as the museum exercised reasonable care in choosing and applying such conservation measures.