This bill proposes the addition of a new article to the Code of West Virginia, specifically addressing the rights of cultural heritage institutions regarding property in their possession. It establishes definitions for key terms such as "cultural heritage institution," "lender," "loan," "undocumented property," and "unsolicited donation." The bill outlines procedures for these institutions to claim title to property that is either on permanent loan, undocumented, or received as an unsolicited donation after providing specific notices to the original owners or lenders. The institutions can acquire title to such property if the lenders do not respond within 60 days of receiving notice.

Additionally, the bill details the requirements for notices, including the method of delivery (certified mail or publication), the information that must be included in the notices, and the conditions under which a cultural heritage institution can apply conservation measures to the property. It also clarifies that if a loan is not permanent and lacks a specific expiration date, the property is presumed abandoned after seven years of no communication. Overall, the bill aims to streamline the process for cultural heritage institutions to manage and claim ownership of property while ensuring that proper notice is given to potential owners.

Statutes affected:
Introduced Version: 36-8B-1, 36-8B-2, 36-8B-3, 36-8B-4, 36-8B-5, 36-8B-6, 36-8B-7, 36-8B-8