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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) A museum may give written notice of termination of a loan at any time after the expiration of a loan made for a specified period or at any time if the loan is for an indefinite period. Any loan not evidenced by a writing stating the term of the loan and signed by the lender shall be deemed a loan for an indefinite period.
(2) Notice given under this section shall contain:
(a) A description of the loaned property sufficient to identify it;
(b) The last-known name and address of the lender;
(c) The date of the loan or the date the loaned property was accepted by the museum if the loan was not evidenced by a writing;
(d) The name, address, and telephone number of the appropriate officer or official at the museum to be contacted regarding the loan;
(e) A statement referring the lender to this article and informing him that failure to reclaim his loaned property within one hundred twenty days shall result in the loss of all rights in said property.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 38. Property Real and Personal § 38-14-104. Termination of loans by museums - last updated January 01, 2025 | https://codes.findlaw.com/co/title-38-property-real-and-personal/co-rev-st-sect-38-14-104/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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