MO SB374

State auditor gains authority to audit any museum established under sections 184.350 to 184.880, with audit costs paid by the museum district, subdistrict, or commission and deposited in the "Petition Audit Revolving Trust Fund."

Lenders or claimants may bring civil actions for damages to property on loan to museums, with two-year statute of limitations from notice of injury or loss, or five years from when injury or loss could be discovered, whichever is earlier.

Museums must maintain records for at least 25 years after property leaves their possession, including documentation of accession, origin, loan agreements, receipts, and contact information for lenders, donors, and claimants.

Property is presumed donated to a museum if the lender or claimant fails to file a recovery action within specified timeframes; purchasers of museum property acquire valid title if the museum represents it has acquired title pursuant to sections 184.101 to 184.122.

Museums are defined as charitable organizations subject to solicitation regulations under sections 407.450 to 407.478, expanding the definition of "charitable purpose" to include museum operations.