Source: https://law.justia.com/codes/tennessee/2010/title-30/chapter-2/part-7/30-2-703
Timestamp: 2019-10-20 11:44:48
Document Index: 31621867

Matched Legal Cases: ['art 7', 'art 7', '§ 30', 'art 1', '§ 30', 'art 1', '§ 2', '§ 8196', '§ 8334', '§ 30', '§ 2', '§ 13']

30-2-703 - Disposition of shares Application and claim for share. :: 2010 Tennessee Code :: US Codes and Statutes :: US Law :: Justia
Justia US Law US Codes and Statutes Tennessee Code 2010 Tennessee Code Title 30 - Administration of Estates Chapter 2 - Management, Settlement and Distribution Part 7 - Distribution 30-2-703 - Disposition of shares Application and claim for share.
Part 7 - Distribution
30-2-703 - Disposition of shares Application and claim for share.
30-2-703. Disposition of shares Application and claim for share.
(a) Shares so placed in the state treasury shall not become the property of the state, but shall be and remain trust property demandable at any time by the owner or by the guardian of any owner, distributee or by the personal representative of any deceased owner.
(b) Any person lawfully entitled to receive any money paid into the state treasury pursuant to § 30-2-702 may claim the amount due in accordance with title 66, chapter 29, part 1, governing the disposition of unclaimed property. The state treasurer shall pay the amount, as in other cases, out of any money in the treasury; provided, the state shall not be liable for interest on any fund or funds paid into the state treasury under this law.
(c) Property delivered to the treasurer pursuant to § 30-2-702, may be claimed in accordance with title 66, chapter 29, part 1, governing the disposition of unclaimed property.
[Acts 1945, ch. 126, §§ 2-4; mod. C. Supp. 1950, § 8196.10 (Williams, §§ 8334.2-8334.4); T.C.A. (orig. ed.), § 30-1303; Acts 1986, ch. 539, § 2; 1987, ch. 322, §§ 13, 14.]