Tennessee HB 1851: Unclaimed Property - 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.

Status: Effective date(s) 06/22/2020 (as of 2020-07-02)

State: Tennessee · Session: 111 · Bill: HB 1851

Subjects: Unclaimed Property

Sponsors: Massey, Zachary

View Tennessee HB 1851 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.