If the treasurer takes custody of property delivered under this part and later determines that the property has no substantial commercial value or that the cost of disposing of the property will exceed the value of the property, the treasurer may return the property to the holder or destroy or otherwise dispose of the property. No action or proceeding may be brought or maintained against the state or any officer thereof for or on account of any action taken by the treasurer pursuant to this part with respect to such property.
Structure 2021 Tennessee Code
Chapter 29 - Abandoned or Unclaimed Property
Part 1 - Uniform Unclaimed Property Act
§ 66-29-103. Inapplicability to Foreign Transactions
§ 66-29-104. Promulgation of Rules
§ 66-29-107. Presumption of Abandonment of Other Tax-Deferred Accounts
§ 66-29-112. Presumption of Abandonment of Related Property
§ 66-29-115. Deposit Account for Proceeds of Insurance Policy or Annuity Contract
§ 66-29-116. Last Known Address of Apparent Owner
§ 66-29-117. Treasurer's Custody of Property Presumed Abandoned
§ 66-29-120. Custody of Property Presumed Abandoned if Transaction Took Place in This State
§ 66-29-121. Custody of Traveler's Check, Money Order, or Similar Instrument Presumed Abandoned
§ 66-29-122. Burden of Proof to Establish Treasurer's Right to Custody
§ 66-29-126. Retention of Records by Holder
§ 66-29-127. Property Reportable and Payable or Deliverable Absent Owner Demand
§ 66-29-131. Cooperation Among State Officers and Agencies to Locate Apparent Owner
§ 66-29-132. Good Faith Payment or Delivery of Property by Holder
§ 66-29-135. Effect of Payment or Delivery of Property to Treasurer
§ 66-29-137. Income or Gain Realized or Accrued on Property
§ 66-29-139. Disposition of Property Having No Substantial Value
§ 66-29-147. Retention of Records by Treasurer
§ 66-29-148. Deduction of Administrative Costs Before Deposit of Funds
§ 66-29-149. Treasurer as Custodian of Property for Owner
§ 66-29-155. Action by Person Whose Claim Is Denied or Not Acted Upon
§ 66-29-156. Verified Report of Property
§ 66-29-157. Examination of Records to Determine Compliance — Administrative Subpoena
§ 66-29-161. Failure of Person Examined to Retain Records
§ 66-29-162. Report to Person Whose Records Were Examined
§ 66-29-168. Judicial Review of Determination
§ 66-29-171. Cooperation With Another State or Foreign Country
§ 66-29-173. Civil Penalty for Failure to Report, Pay, or Deliver Property Within Prescribed Time
§ 66-29-175. Waiver of Civil Penalty
§ 66-29-179. Confidentiality Agreement
§ 66-29-180. Inclusion of Confidential Information in Notice Not Required
§ 66-29-182. Uniformity of Application and Construction
§ 66-29-183. Relation to Electronic Signatures in Global and National Commerce Act