(1) A museum may give notice of termination of a loan of property at any time if the property was loaned to the museum for an indefinite term. If the property was loaned to the museum for a specified term, the museum may give notice of termination of the loan at any time after the expiration of the specified term.
(2) Notices given under this section shall contain:
(a) The name and address, if known, of the lender;
(b) The date of the loan;
(c) The name, address and telephone number of the appropriate office or official to be contacted at the museum for information regarding the loan; and
(d) Any other information deemed necessary by the museum.