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To the best of my knowledge on the subject, there is no statute of limitations on the reserved rights to do something.
I beleive the only exception to this might be if a replica of something was desired, the company was out of business and there was no known heir to the business that might have the rights reserved.
BUT>>>
You still need to deal with securing the rights to use the name and/or likeness of anything else used on the same subject that was manufactured by another company.
In other words...if a Hubster XYZ car was built in 1945 for only one year and they sold 200 cars then went out of business with no known claimants to the Hubster XYZ, then you can replicate it. If the tires that were on it were goodyear...then you would still need the permission of Goodyear to replicate the likeness and the name on the tire. If not, then a generic tire would need to be used.
I beleive the only exception to this might be if a replica of something was desired, the company was out of business and there was no known heir to the business that might have the rights reserved.
BUT>>>
You still need to deal with securing the rights to use the name and/or likeness of anything else used on the same subject that was manufactured by another company.
In other words...if a Hubster XYZ car was built in 1945 for only one year and they sold 200 cars then went out of business with no known claimants to the Hubster XYZ, then you can replicate it. If the tires that were on it were goodyear...then you would still need the permission of Goodyear to replicate the likeness and the name on the tire. If not, then a generic tire would need to be used.