Tenn. Comp. R. & Regs. 1720-01-14-.08 - DISPOSITION OF NON-CASH ITEMS (LOST AND FOUND)

(1) Abandoned non-cash items may be:

(a) Sold at a public auction or by sealed bids in accordance with F10610 - Surplus Property;

(b) Donated to a local charity (if not purchased through a public sale); or

(c) Discarded or destroyed if not valuable.

(2) The following provisions apply to certain types of valuable property:

(a) Jewelry must be appraised and a minimum sales price established. If appraised at little or no value, the jewelry should be discarded.

(b) Coins that appear to have a market value substantially higher than face value should be appraised and a minimum sales price set.

(c) Firearms should be disposed of in accordance with local statutes.

(d) Dangerous items (items of a combustible nature that are dangerous to store) should be safely disposed of as soon as possible.

(e) Illegal items should be disposed of in accordance with instructions from the proper legal authorities.

Notes

Tenn. Comp. R. & Regs. 1720-01-14-.08

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.