Museums; providing for acquisition of legal title to certain undocumented property; establishing acquisition process and notice requirements. Effective date.

SB 996 allows Oklahoma museums to legally claim ownership of property held without clear ownership records (undocumented property) after seven years, or of loaned property if lenders cannot be contacted for two years. Museums must publish two public notices in a local newspaper detailing the property and claiming intent to acquire title, followed by a 90-day claim window. Lenders who miss the notice period lose the right to reclaim property after a two-year challenge window, though museums must maintain records and attempt contact via multiple methods before claiming title. This affects museums managing collections and lenders who provided property but cannot be reached.