Presumption of Abandonment of Stored-Value Card

1. Law
2. Tennessee Code
3. Property
4. Abandoned or Unclaimed Property
5. Uniform Unclaimed Property Act
6. Presumption of Abandonment of Stored-Value Card

1. Except as otherwise provided in § 66-29-113, a stored-value card other than a payroll card or a gift card is presumed abandoned five (5) years after the later of:
   1. December 31 of the year in which the card is issued or additional funds are deposited into it;
   2. The most recent indication of interest in the card by the apparent owner; or
   3. A verification or review of the balance by or on behalf of the apparent owner.
2. The amount abandoned by the owner in a stored-value card is the net card value at the time it is presumed abandoned.

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