Code of Virginia - Title 55 Property And Conveyances - Section 55-210.32 Status of loaned property; statute of limitations on recovery
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§ 55-210.32. Status of loaned property; statute of limitations on recovery
A. Except as may be otherwise provided in a written agreement between a
lender and a museum, no action shall be brought against a museum to recover
loaned property when more than five years have passed from (i) the receipt by
the museum of written communication concerning the loaned property or (ii)
any display of interest in the property by the lender as evidenced by a
memorandum or other record on file prepared by an employee of the museum.
B. Loaned property shall be deemed to have been donated to the museum if no
action to recover the property is initiated within one year after the museum
gave notice of termination of the loan as provided in §§ 55-210.35 and
55-210.36.
C. Loaned property shall not be delivered to the Commonwealth, and shall be
exempt from the provisions of Chapter 11.1 (§ 55-210.1 et seq.) of this
title, but shall pass to the museum if no person takes action under Chapter 1
(§ 64.1-01 et seq.) of Title 64.1.
(2002, c. 883.)
Sections: 55-210.31 55-210.32 55-210.33 55-210.34 55-210.35 55-210.36 55-210.37 55-210.38
Last modified: April 16, 2009
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