In order to take title pursuant to this chapter a museum has the following obligations to a lender or claimant:
 1. The museum shall retain all written records regarding the property for at least three years from the date of taking title pursuant to this chapter.

Terms Used In Iowa Code 305B.10

  • Claimant: means a person who files a notice of intent to preserve an interest in property on loan to a museum as provided in section 305B. See Iowa Code 305B.2
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • Lender: means a person whose name appears on the records of the museum as the person legally entitled to property held or owing by the museum. See Iowa Code 305B.2
  • Loan: means a deposit of property not accompanied by a transfer of title to the property. See Iowa Code 305B.2
  • Museum: includes , but is not limited to, historical societies, historic sites or landmarks, parks, monuments, and libraries. See Iowa Code 305B.2
  • Property: means a tangible object, animate or inanimate, under a museum's care which has intrinsic historic, artistic, scientific, or cultural value. See Iowa Code 305B.2
 2. The museum shall keep written records on all loaned property acquired pursuant to section 305B.6. Records shall contain the following information:

 a. Lender’s name, address, and phone number.
 b. Claimant’s name, address, and phone number.
 c. The nature and terms of the loan.
 d. The beginning date of the loan period, if known.
 3. A museum accepting a loan of property on or after January 1, 1989, shall inform the lender in writing at the time of the loan of the provisions of this chapter. A copy of the form notice prescribed in section 305B.8, or a citation to this chapter, is adequate for this purpose.
 4. The museum is responsible for notifying a lender or claimant of the museum’s change of address or dissolution.
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