Everybody's got one (UPDATED)

CNN is first out of the blocks with a story on what Detroit's bankruptcy means for the DIA.  We talked recently about how much weight the Michigan AG's opinion that the work can't be sold carried.  The experts CNN talked to agree it isn't much:

"But the opinion could be for naught, said Eric Scorsone of Michigan State University ....

"'It's certainly better than nothing, but a state attorney general's opinion is certainly not going to be definitive in federal bankruptcy court,' Scorsone said. 'I don't think that is going to carry a huge amount of weight.'

"Laura Martell, a law professor at Wayne State University in Detroit, echoed that sentiment.

"'He just issued an opinion, which is not binding on anyone and certainly has no legal effect in a bankruptcy case,' she said. 'A bankruptcy judge may or may not find it persuasive on the merits of its analysis, but it has no binding effect.'"

UPDATE:  The museum "remain[s] committed to our position that the Detroit Institute of Arts and the City of Detroit hold the DIA's collection in trust for the public."

remain committed to our position that the Detroit Institute of Arts and the City of Detroit hold the DIA’s collection in trust for the public - See more at: http://www.dia.org/news/1494/Detroit-Institute-of-Arts-Statement-Regarding-City-of-Detroit-Bankruptcy--.aspx#sthash.drVnWrpt.X9WPEJKP.dpuf

remain committed to our position that the Detroit Institute of Arts and the City of Detroit hold the DIA’s collection in trust for the public - See more at: http://www.dia.org/news/1494/Detroit-Institute-of-Arts-Statement-Regarding-City-of-Detroit-Bankruptcy--.aspx#sthash.drVnWrpt.X9WPEJKP.dpuf

remain committed to our position that the Detroit Institute of Arts and the City of Detroit hold the DIA’s collection in trust for the public - See more at: http://www.dia.org/news/1494/Detroit-Institute-of-Arts-Statement-Regarding-City-of-Detroit-Bankruptcy--.aspx#sthash.drVnWrpt.X9WPEJKP.dpuf

remain committed to our position that the Detroit Institute of Arts and the City of Detroit hold the DIA’s collection in trust for the public - See more at: http://www.dia.org/news/1494/Detroit-Institute-of-Arts-Statement-Regarding-City-of-Detroit-Bankruptcy--.aspx#sthash.drVnWrpt.X9WPEJKP.dpuf

remain committed to our position that the Detroit Institute of Arts and the City of Detroit hold the DIA’s collection in trust for the public - See more at: http://www.dia.org/news/1494/Detroit-Institute-of-Arts-Statement-Regarding-City-of-Detroit-Bankruptcy--.aspx#sthash.drVnWrpt.X9WPEJKP.dpuf