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2018 Tennessee Code
Title 66 - Property
Chapter 29 - Abandoned or Unclaimed Property
Part 1 - Uniform Unclaimed Property Act
§ 66-29-132. Good faith payment or delivery of property by holder.
Universal Citation: TN Code § 66-29-132 (2018)
- Under this part, payment or delivery of property is made in good faith if a holder:
(1) 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
(2) Made payment or delivery:
(A) In response to a demand by the treasurer or treasurer's agent; or
(B) Pursuant to guidance or a ruling issued by the treasurer that the holder reasonably believed required or permitted the property to be paid or delivered.
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