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Tenn. Code Ann. § 66-29-132

Good faith payment or delivery of property by holder

Acts 2017, ch. 457, § 1.

Under this part, payment or delivery of property is made in good faith if a holder:

(1) Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the treasurer under this part; or

(2) Made payment or delivery: In response to a demand by the treasurer or treasurer's agent; or

(3) Pursuant to guidance or a ruling issued by the treasurer that the holder reasonably believed required or permitted the property to be paid or delivered.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.