Except as otherwise provided in a written agreement between a lender and a museum, property loaned to or deposited with a museum prior to July 1, 2002, may be discarded or transferred to another museum located in Virginia, provided that (i) the notice provisions of §§ 55.1-2604 and 55.1-2605 have been complied with and (ii) such property is held by the museum receiving the transfer for at least three years before it sells or disposes of such property.
2005, c. 480, § 55-210.38; 2019, c. 712.
Structure Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 26 - Property Loaned to Museums
§ 55.1-2601. Status of loaned property; statute of limitations on recovery
§ 55.1-2602. Notice to lenders of the provisions of this chapter
§ 55.1-2603. Status of title to property acquired from museum
§ 55.1-2604. Notice of termination of loan; content of notice
§ 55.1-2606. Acquiring title to undocumented property
§ 55.1-2607. Status of property loaned to or deposited with museum prior to July 1, 2002