2010 Tennessee Code
Title 66 - Property
Chapter 29 - Abandoned or Unclaimed Property
Part 1 - Uniform Disposition of Unclaimed (Personal) Property Act
66-29-123 - Claims for abandoned property paid or delivered Determination.
66-29-123. Claims for abandoned property paid or delivered Determination.
(a) Except as provided in subsection (d), any person claiming an interest in any property delivered to the state under this part may file a claim thereto or to the proceeds from the sale thereof on the form prescribed by the treasurer.
(b) The treasurer shall consider any claim filed under this part within ninety (90) days and may hold a hearing and receive evidence concerning it. If a hearing is held, the treasurer shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard by the treasurer and the reasons for the decision. The decision shall be a public record.
(c) If the claim is allowed, the treasurer shall make payment forthwith. The claim shall be paid without deduction for costs of notices or for service charges. In the event a claim is made and approved subsequent to the sale of any property pursuant to this part, the claimant's claim shall be limited to the proceeds from the sale without deduction for costs incurred in connection with such sale.
(d) Any person claiming an interest in any property for which funds have been delivered by the treasurer to a local government pursuant to § 66-29-121 may file a claim thereto with the local government in receipt of the funds. If the claim is allowed, the local government shall make payment forthwith, without deduction for administrative cost or service charges. Any person aggrieved by a finding of the local government may appeal to the treasurer in accordance with subsection (b). If the treasurer finds the claim to be valid, the local government shall issue payment forthwith. The local government shall submit an annual report of claims received on a form prescribed by the treasurer. This report shall be filed before September 1, reporting claims received as of the previous June 30.
[Acts 1978, ch. 561, §§ 22, 23; Acts 1980, ch. 448, § 4; T.C.A., § 64-2922; T.C.A., § 64-2923; Acts 1985, ch. 401, § 3; 2003, ch. 101, § 2.]
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