(1) No action shall be brought against a museum to recover property on loan to the museum when more than 25 years have passed from the date of the last written contact between the lender and the museum.

Terms Used In Oregon Statutes 358.420

  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100

(2) Property on loan to a museum shall be deemed to have been donated to the museum if no action is filed to recover the property within seven years after the museum gave notice of termination of the loan as provided in ORS § 358.425 and 358.430.

(3) Property on loan to a museum shall not escheat to the state under ORS § 112.055, but shall pass to the museum if no person takes under ORS § 112.025 to 112.045. [1985 c.580 § 2]

 

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