I. Property subject to a loan agreement which is on loan to a museum shall be deemed to be donated to the museum if no claim is made or action filed to recover the property after termination or expiration of the loan and if the museum has given notice under RSA 201-E:5 and no assertion of title has been filed within 90 days from the date of the second published notice.
II. A museum may terminate a loan of property if the property was loaned to the museum for an indefinite term and the property has been held by the museum for 5 years or more. Property on "permanent loan" shall be considered loaned for an indefinite term.
III. If property was loaned to the museum for a specified term, the museum may give notice of termination of the loan at any time after expiration of the specified term.
IV. It is the responsibility of the owner of property on loan to a museum to notify the museum promptly in writing of any change of address or change in ownership of the property.
V. When a museum accepts a loan of property, the museum shall inform the owner in writing of the provisions of this chapter.
Source. 1989, 87:2, eff. June 30, 1989.