2011 Arizona Revised Statutes
Title 44 Trade and Commerce
44-352 Acquiring title to loaned property

44-352. Acquiring title to loaned property

A. A museum may acquire title to loaned property pursuant to this section. If, since the expiration date of the loan, seven years have passed with no written contact between the lender and the museum or if the loan has no expiration date and at least seven years have passed since the loan was made and written contact between the lender and the museum occurred the museum shall send a notice by certified mail, return receipt requested, to the lender's last known address. This notice shall contain a statement that the loan is now terminated as well as all information required in the notice under section 44-353, subsection A, paragraph 1. If proof of delivery of the notice is not received within thirty days from the date the notice was mailed, the museum shall publish a notice as prescribed by section 44-353, subsection A, paragraph 1.

B. If the requirements of subsection A of this section are met the museum may acquire title to the loaned property by sending a notice by certified mail, return receipt requested, to the lender's last known address. This notice shall contain all information required in the notice under section 44-353, subsection A, paragraph 2. If proof of delivery of the notice is not received within thirty days from the date the notice was mailed, the museum shall publish a notice as prescribed by section 44-353, subsection A, paragraph 2.