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Tenn. Code Ann. § 66-29-148

Deduction of administrative costs before deposit of funds

Acts 2017, ch. 457, § 1.

Before making a deposit of funds received under this part to the general fund of the state, the treasurer may deduct administrative costs, including, but not limited to:

(1) Expenses of custody and disposition of abandoned property;

(2) Costs of mailing, publication, and any other outreach efforts in connection with abandoned property;

(3) Reasonable service charges; and

(4) Expenses incurred in examining records of a putative holder of property and collecting property from a putative holder determined by the treasurer to hold property required to be delivered to the treasurer under this part.

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.