House Bill No. 2161 introduces new provisions regarding the acquisition and management of museum property, particularly focusing on undocumented and loaned items. The bill allows museums to acquire legal title to undocumented property after seven years of possession without valid claims, provided they follow specific notification procedures, including publishing notices in local newspapers. Additionally, museums can acquire title to loaned property if they attempt to contact the lender and do not receive a response within two years. The bill outlines the obligations of museums to maintain records and notify lenders of any changes, as well as the procedures for applying conservation measures to both loaned and undocumented property.

Furthermore, the bill limits the liability of museums regarding property loss or damage, establishing a two-year statute of limitations for actions against museums related to such issues. It also stipulates that loaned property that would otherwise escheat to the state upon the owner's death will instead become the property of the museum. The act is set to take effect on November 1, 2025, and includes various definitions and procedural guidelines to ensure clarity and compliance in the management of museum property.