(1) Undocumented property in the possession of a museum shall become the museum's property if no person has claimed the undocumented property within seven (7) years after the museum documented possession of the undocumented property.
(2) This section does not vest ownership of the undocumented property in the museum if the undocumented property is determined later to be: Stolen property; or
(3) Property whose ownership is subject to federal law.