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2025 Nebraska Revised Statutes
Chapter 51 - Libraries and Museums
51-705 - Acquisition of title to undocumented property; when.
Universal Citation:
NE Code § 51-705 (2025)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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51-705. Acquisition of title to undocumented property; when.
Subject to any existing security interest in the property, a museum may acquire title to undocumented property held by the museum for at least seven years as follows:
(1) The museum must give notice as provided in subsection (3) of section 51-703 that the museum is asserting title to the undocumented property; and
(2) If a claimant or lender does not respond to such notice within one year by giving a written notice of intent to retain an interest in the property on loan, the museum's title to the property becomes absolute.
Source
- Laws 1996, LB 1276, § 5;
- Laws 2024, LB926, § 2.
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