2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 305B - MUSEUM PROPERTY
305B.7 - ACQUIRING TITLE TO UNDOCUMENTED PROPERTY.

        305B.7  ACQUIRING TITLE TO UNDOCUMENTED PROPERTY.
         1.  A museum may acquire title to undocumented property held by a
      museum for seven years or longer with no valid claim or written
      contact by any person, all verifiable through the museum's written
      records, by giving notice of acquisition of title to undocumented
      property.
         2.  If a lender or claimant does not respond to the notice
      provided in subsection 1 within three years by filing a notice of
      intent to retain an interest in property on loan, the museum's title
      to the property becomes uncontestable under section 305B.9.
         3.  A notice of acquisition of title must include a statement
      containing substantially the following information:

         "The records of (name of museum) fail to indicate the owner of
      record of certain property in its possession.  The museum intends to
      acquire title to the below described property:  (general description
      of the property).  If you claim ownership or other legal interest in
      this property 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 waived any claim you may have had to
      the property."
      
         Section History: Recent Form
         88 Acts, ch 1117, §7
         Referred to in § 305B.13

Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.