§ 305B.7 — Acquiring title to undocumented property

Iowa § 305B.7

• Jurisdiction: Iowa
• Title VII: EDUCATION, HISTORY, AND CULTURE
• Ch. 305B: MUSEUM PROPERTY

Text

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.