§ 66-29-140. Periods of Limitation and Repose
Expiration, before, on, or after July 1, 2017, of a period of limitation on an owner’s right to receive or recover property, whether specified by contract, statute, or court order, does not prevent the property from being presumed abandoned or affect the duty of a holder to file a report or pay or deliver property […]
§ 66-29-141. Public Sale of Property
Except as otherwise provided in § 66-29-154, not earlier than three (3) years after receipt of property that has been presumed abandoned, the treasurer may sell the property. A sale under subsection (a) must be preceded by notice to the public of: The date of the sale; and A reasonable description of the property. A […]
§ 66-29-142. Disposal of Securities
The treasurer shall sell or otherwise liquidate a security no sooner than thirty-two (32) months, but no later than thirty-six (36) months, after receiving the security and giving the apparent owner notice under § 66-29-130(b)(1) and (2) that the treasurer holds the security. The treasurer shall not sell a security listed on an established stock […]
§ 66-29-143. [reserved.]
A purchaser of property at a sale conducted by the treasurer under this part takes the property free of all claims of the owner, a previous holder, or a person making a claim through the owner or holder. The treasurer shall execute documents necessary to complete the transfer of ownership to the purchaser.
§ 66-29-145. Military Medal or Decoration
The treasurer, upon receiving military medals, shall hold and maintain the military medals until the original owner or the owner’s respective heirs or beneficiaries can be identified and the military medal returned. The treasurer shall not sell a military medal. The treasurer, with the consent of the respective organization under subdivision (c)(1), agency under subdivision […]
§ 66-29-129. Contents of Notice by Holder
The notice under § 66-29-128 must contain a heading that reads substantially as follows: “Notice: The State of Tennessee requires us to notify you that your property may be transferred to the custody of the treasurer if you do not contact us within thirty (30) days after the date of this notice.” The notice under […]
§ 66-29-130. Notice by Treasurer
The treasurer shall give notice to an apparent owner that property presumed abandoned and that appears to be owned by the apparent owner is held by the treasurer under this part. The treasurer may prescribe by rule a minimum dollar value for items for which notice is sent. In providing notice under subsection (a), the […]
§ 66-29-131. Cooperation Among State Officers and Agencies to Locate Apparent Owner
Unless otherwise prohibited by any law of this state, on request of the treasurer, each officer, agency, board, commission, division, and department of this state, any body, politic and corporate, created by this state for a public purpose, and each political subdivision of this state shall make its books and records available to the treasurer […]
§ 66-29-132. Good Faith Payment or Delivery of Property by Holder
Under this part, payment or delivery of property is made in good faith if a holder: Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the treasurer under this part; or Made payment or delivery: In response to a […]
§ 66-29-133. Dormancy Charge
A holder may deduct a dormancy charge from property required to be paid or delivered to the treasurer if: A valid and enforceable contract between a holder and an apparent owner authorizes imposition of the charge for the apparent owner’s failure to claim the property within a specified time; and The holder regularly imposes the […]