Museums 

Iowa Code > Title VII > Subtitle 7 > Chapter 305B > § 305B.6. Notice of intent to terminate loan -- acquiring title to loaned property

1.  A museum may acquire title to loaned property pursuant to this section .  A museum may give notice of termination of a loan of property at any time if either of the following apply:

a .  The property was loaned to the museum for an indefinite term.

b .  The property was loaned to the museum for a specified term, and that term has expired.

2.  If the lender or claimant does not respond to the notice of termination provided under subsection 1 within one year by filing a notice of intent to preserve an interest in property on loan, the museum acquires title to the property.

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

Previous section	Chapter 305B Table of Contents	Next section

________________________________________________________________________

See also:

Iowa Code Chapter 305B - Museum property

Comments (0)