TN SB1634

Legislative Description

As enacted, increases from “eight months to a year” to “32 to 36 months” the time within which the treasurer must sell a security after receiving it; extends from “eight months” to “32 months” the minimum time period during which the treasurer is required to hold a security prior to selling it and paying the sale proceeds to the owner, upon the owner's request. - Amends TCA Section 66-29-142 and Section 66-29-154.

Unclaimed Property

Last Action

Committee Referrals