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 held for seven years or longer, provided there are no valid claims made by the original owners. Museums must publish notices in local newspapers to inform potential claimants of their intent to claim title. Additionally, the bill outlines procedures for acquiring title to loaned property if the lender cannot be contacted after a specified period, and it establishes obligations for museums to maintain records and notify lenders of any changes.

The legislation also addresses the application of conservation measures to both loaned and undocumented property, allowing museums to act without lender permission in certain urgent situations. It limits the liability of museums regarding property loss or damage, stipulating that actions against museums must be initiated within two years of the incident. Furthermore, the bill states 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.