The University of Tennessee ("the University") is subject to
the State of Tennessee's "Uniform Unclaimed Property Act," T.C.A. §
66-29-101
et seq. (the "Act") and Regulations
1700-02-01-.01
through 1700-0201-.37, when it is a holder of property that is unclaimed and
presumed to be abandoned by the apparent owner of the property, if the last
known address of the apparent owner, as shown on the University's records, is
in Tennessee or is unknown. This Act requires the University to exercise due
diligence in attempting to locate apparent owners of unclaimed property in its
custody and to annually report certain unclaimed property to the State.
Additionally, the State of Tennessee accepts unclaimed property for which the
apparent owner's last known address is in another state or commonwealth of the
U.S. The State reciprocally reports this property on behalf of the University
to the appropriate state or commonwealth.
Notes
Tenn. Comp. R. & Regs. 1720-01-14-.01
Original rules
filed September 30, 2019; effective December 29,
2019.
Authority: T.C.A. §
49-9-209(e)
and Public Acts of Tennessee, 1839-1840, Chapter 98, Section 5, and Public Acts
of Tennessee, 1807, Chapter 64.
