Rules Governing Financial Transactions Clause Samples

Rules Governing Financial Transactions. Where it is intended that an object should be sold, an independent valuation should be sought: the Scottish Museums Council will normally advise on obtaining this but cannot give valuations. The Head of Arts and Museums, CSG acting on behalf of the Council will accept this as the maximum price for the sale of a museum object to an Accredited Museum, for a period of 6 months. It will, however, be open to the Head of Arts and Museums, CSG to authorise a sale on behalf of the Council to an Accredited Museum at a reduced or nominal price in order to keep an object in public ownership. If the sale to an individual, or an organisation other than a museum, does become necessary, the object would then normally be offered at a price no less than valuation