(1) Subject to subsection ( 2), the Council may resolve that historical material owned by or in the possession of the Museum, but not in the national historical collection, be disposed of by sale, gift, exchange for other historical material, or destruction.
(2) The Council shall not resolve that historical material be disposed of by destruction unless the Council is satisfied that the material has no saleable value and cannot be disposed of in any other way.
(3) If the Council has resolved, in accordance with this section, that historical material be disposed of, the Museum may dispose of that historical material accordingly.
Note: Particulars of any such disposals must be included in the annual report (see section 38).
(4) Subsection (3) is subject to section 37 (about restrictions on financial transactions).