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2018 Tennessee Code
Title 66 - Property
Chapter 29 - Abandoned or Unclaimed Property
Part 1 - Uniform Unclaimed Property Act
§ 66-29-110. Presumption of abandonment of stored-value card.
Universal Citation: TN Code § 66-29-110 (2018)
(a) Except as otherwise provided in § 66-29-113, a stored-value card other than a payroll card or a gift card is presumed abandoned five (5) years after the later of:
(1) December 31 of the year in which the card is issued or additional funds are deposited into it;
(2) The most recent indication of interest in the card by the apparent owner; or
(3) A verification or review of the balance by or on behalf of the apparent owner.
(b) The amount abandoned by the owner in a stored-value card is the net card value at the time it is presumed abandoned.
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