(a) The notice under § 66-29-128 must contain a heading that reads substantially as follows: “Notice: The State of Tennessee requires us to notify you that your property may be transferred to the custody of the treasurer if you do not contact us within thirty (30) days after the date of this notice.”
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Terms Used In Tennessee Code 66-29-129

  • Apparent owner: means a person whose name appears on the records of a holder as the owner of property held, issued, or owing by the holder. See Tennessee Code 66-29-102
  • Holder: means a person obligated to hold for the account of, or to deliver or pay to, the owner of property that is subject to this part. See Tennessee Code 66-29-102
  • Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
  • Owner: includes :
    (A) A depositor, for a deposit. See Tennessee Code 66-29-102
  • Property: means tangible property described in §. See Tennessee Code 66-29-102
  • State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Tennessee Code 66-29-102
  • Treasurer: means the state treasurer. See Tennessee Code 66-29-102
  • United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) The notice under § 66-29-128 must:

(1) State that the property will be turned over to the treasurer;
(2) State that, after the property is turned over to the treasurer, an apparent owner that seeks return of the property must file a claim with the treasurer;
(3) Identify any owners of the property;
(4) Identify the nature and, except for property that does not have a fixed value, the value of the property that is the subject of the notice;
(5) State that property which is not legal tender of the United States may be sold by the treasurer; and
(6) Provide instructions that the apparent owner must follow to prevent the holder from reporting and paying or delivering the property to the treasurer.
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