Oklahoma § 60-2003 - Museums — Legal title to loaned property — Requirements

§ 60-2003. Museums — Legal title to loaned property — Requirements

A. A museum may acquire legal title to loaned property pursuant

to this section. Upon the expiration date of the loan, the museum

must attempt to notify the lender in writing in order to return the

loan. If, since the expiration date of the loan, two (2) years have

passed with no written contact between the lender and the museum or

if the loan has no expiration date and at least two (2) years have

passed since the loan was made and written contact between the

lender and the museum occurred, the museum shall send a notice by

certified mail, return receipt requested, to the lender's last-known

address. This notice shall contain a statement that the loan is now

terminated as well as all information required in the notice under

paragraph 1 of subsection A of Section 2 of this act. Notice is

Oklahoma Statutes - Title 60. Property

deemed given if the museum receives proof of receipt within thirty

(30) days after mailing the notice. If proof of delivery of the

notice is not received within thirty (30) days from the date the

notice was mailed, the museum shall publish a notice by publication

in the newspaper of record in the county where the museum is

located.

B. If the requirements of subsection A of this section are met,

the museum may acquire title to the loaned property by sending a

notice by certified mail, return receipt requested, to the lender's

last-known address. This notice shall contain all information

required in the notice under paragraph 2 of subsection A of Section

2 of this act.

Added by Laws 2025, c. 120, § 3, eff. Nov. 1, 2025.