Nebraska § 51-705 Acquisition of title to undocumented property; when

Nebraska Statutes

§ 51-705 — Acquisition of title to undocumented property; when

Nebraska § 51-705

Ch. 51Libraries and Museums

This text of Nebraska § 51-705 (Acquisition of title to undocumented property; when) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 51-705 (2026).

Text

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.

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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.