Superior Claim of Another State

  1. Law
  2. Tennessee Code
  3. Property
  4. Abandoned or Unclaimed Property
  5. Uniform Unclaimed Property Act
  6. Superior Claim of Another State

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  1. If the treasurer knows that property held by the treasurer under this part is subject to a superior claim of another state, the treasurer shall:
    1. Report, and pay or deliver, the property to the other state; or
    2. Return the property to the holder so that the holder may pay or deliver the property to the other state.
  2. The treasurer is not required to enter into a formal agreement to transfer the property to another state under subsection (a).


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