Md. Code, Commercial Law § 17-404

This is the official text of Md. Code, Commercial Law § 17-404, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.

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§17–404.

Official statutory text

(a) (1) A museum may acquire title to an unsolicited donation found on museum property by giving notice that the museum is asserting title to the unsolicited donation.

(2) In addition to the information required under § 17–408 of this subtitle, the notice required under paragraph (1) of this subsection shall contain the following statement:

“The following property was found at (name of museum) and is presumed to be a donation to the museum. The museum hereby asserts title to the following property: (general description of property). Anyone claiming ownership or other legal interest in this property must contact the museum, establish ownership of the property, and make arrangements to collect the property. If you fail to do so within 60 days of this notice you will have waived any claim to this property.”.

(3) An unsolicited donation is presumed to be a gift to the museum if ownership is not claimed within 60 days after the notice required under this section.

(b) Undocumented property found in the collection of a museum is not an unsolicited donation and is subject to § 17–403 of this subtitle.

Status: in_force · Read it on the official government site

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