184.111. Termination of loan by museum may be made, when — procedure — lender failure to respond to notice, property deemed donated to museum, when.

289 words·~1 min read·/mo/chapter-184/184-111

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

184.111. Termination of loan by museum may be made, when — procedure — lender failure to respond to notice, property deemed donated to museum, when. — 1. A museum may give the lender or claimant notice of the museum's intent to terminate a loan of property at any time after:

(1)The date on which the property was loaned to the museum for an indefinite term, if the property has been in the custody of the museum for at least seven years and, during that time, the museum received no written contact from the lender concerning the loaned property, as evidenced in the museum's records; or

(2)The date on which a loan of property for a specified time expired, if the property has been in the custody of the museum for at least seven years.

2. A notice of intent to terminate a loan shall include a statement containing substantially the following information:

"The records of ______ (name of museum) indicate that you have property on loan to it. The museum wishes to terminate the loan. You must contact the museum in writing, establish your ownership of the property, and make arrangements to collect the property. If you fail to do so within ninety days after the date of this notice, you will be considered to have donated the property to the museum."

3. If the lender or claimant does not respond to the notice of intent to terminate provided by the museum under this section within ninety days after the date of the last notice by filing with the museum a notice of intent to preserve interest in loaned property, the museum shall acquire title to the property.

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(L. 1991 S.B. 344 § 6)

Effective 12-31-91