An Act providing for museum unclaimed loaned property.

HB 2118, the Museum Unclaimed Loaned Property Act, establishes clear rules for Pennsylvania museums handling property loaned to them that has not been claimed by the lender for extended periods. It defines "unclaimed loaned property" as items on indefinite loan for 20 years or on fixed-term loans for five years after the term expired, without contact from the lender. Museums must make reasonable efforts to contact the lender before taking action, and if the lender cannot be reached, the museum may return the property or, after following specific procedures, take title to it. This law aims to resolve ownership disputes and reduce the financial burden on museums holding unclaimed items for decades.