Cap. 445 Art. 50Movable cultural property granted on loan or by allocation.

(1) The Superintendent may enter into an agreement with government agencies and bodies corporate established by law, cultural non-government organisations, local councils and academic institutions, for the loan or allocation of movable cultural property in accordance with provisions and regulations prescribed under this Act, and in accordance with such conditions as may be contained in the agreement:

Provided that the loan or allocation agreement, as the case may be, shall be made for the custody, administration, care and display of the movable cultural property:

Provided further that before entering into a loan or allocation agreement, the Superintendent shall consult the Council as to the conditions that shall be included in the loan or allocation agreement.

(2) The loan or allocation agreement shall include terms and conditions, which terms and conditions shall be determined by the Superintendent on a case by case basis.

(3) The cultural property subject to the loan or allocation agreement shall remain the property of Government.

(4) The Superintendent may, after consulting the Council, revoke a loan or allocation agreement if any terms and conditions stipulated therein or any provision of this Act, or of any regulations made thereunder, are not observed.