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