2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 305B - MUSEUM PROPERTY
305B.6 - NOTICE OF INTENT TO TERMINATE LOAN -- ACQUIRING TITLE TO LOANED PROPERTY.

        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:

         "The records of (name of museum) indicate that you have property
      on loan to it.  The institution wishes to terminate the loan.  You
      must contact the institution, establish your ownership of the
      property pursuant to section 305B.8, and make arrangements to collect
      the property.  If you fail to do so promptly, you will be considered
      to have donated the property to the institution."
      

         88 Acts, ch 1117, §6
         Referred to in § 305B.9, 305B.10, 305B.13