Iowa § 305B.6 Notice of intent to terminate loan — acquiring title to loaned property

Iowa Statutes

§ 305B.6 — Notice of intent to terminate loan — acquiring title to loaned property

Iowa § 305B.6

Title VIIEDUCATION, HISTORY, AND CULTURE

Ch. 305BMUSEUM PROPERTY

This text of Iowa § 305B.6 (Notice of intent to terminate loan — acquiring title to loaned property) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 305B.6 (2026).

Text

1.Amuseummayacquiretitletoloanedpropertypursuanttothissection. Amuseummay 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.Thepropertywasloanedtothemuseumforaspecifiedterm, andthattermhasexpired.

2.If the lender or claimant does not respond to the notice of termination provided under 3 MUSEUM PROPERTY, §305B.8 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 te

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1. Amuseummayacquiretitletoloanedpropertypursuanttothissection. Amuseummay
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. Thepropertywasloanedtothemuseumforaspecifiedterm, andthattermhasexpired.
2. If the lender or claimant does not respond to the notice of termination provided under
3 MUSEUM PROPERTY, §305B.8
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.