California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 1.5 — Loans to Museums for Indefinite or Long Terms, Section 1899.9
(a) A museum may give the lender notice of the museum’s intent to terminate a loan which was made for an indefinite term, or which was made on or after January 1, 1984, for a term in excess of seven years.
A notice of intent to terminate a loan given pursuant to this section shall 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, and make arrangements to collect the property. If you fail to do so promptly, you will be deemed to have donated the property to the institution. See California Civil Code Sections 1899, et seq.”
(b) For the purposes of this chapter, a loan for a specified term becomes a loan for an indefinite term if the property remains in the custody of the museum when the specified term expires.
Notes
Allows a museum to notify a lender that it intends to terminate a loan made indefinitely or, if made on or after January 1, 1984, for more than seven years. Requires notice telling the lender to establish ownership and collect the property or risk deemed donation; a specified-term loan becomes indefinite if the property remains with the museum after expiration.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1899.9 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-1-5/section-1899-9