(a) If articles received for storage by a retail launderer or retail dry cleaner are not ordered from storage within sixty (60) days from the expiration of the storage date, as fixed upon the memorandum at the time the articles were received for storage, then a notice by registered mail shall be sent to the address given at the time each article was received for storage, or to the new address of the person from whom the article was received, if such person is known to have changed such person’s address, demanding that the article be taken from storage within thirty (30) days, or the storage charges paid and a new contract for storage entered into.
Terms Used In Tennessee Code 66-16-101
Contract: A legal written agreement that becomes binding when signed.
State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) If at the expiration of thirty (30) days the article has not been removed from storage or a new storage contract made, then a second registered letter shall be sent, setting out a general description of the article, the charges against it, and a date not less than twelve (12) days from the date of mailing the letter when the article will be offered by public sale at the principal plant of the person who received it for storage. A copy of the letter shall be posted in a prominent place in the laundry or cleaning plant of the person mailing the letter, where the letter or notice is open to public inspection.(c) If the charges are not paid by the date fixed for the sale, the article shall be offered for sale and sold to the highest bidder for cash and the proceeds applied to paying the cost of storage and mailing the necessary letters, and the balance shall be retained for a period of six (6) months for the benefit of the person from whom the article was received and shall at any time during those six (6) months be paid to that person on demand. At the expiration of six (6) months from the date of sale, the sum shall be paid to the state treasurer who shall deal with it in accordance with the Uniform Unclaimed Property Act, compiled in chapter 29 of this title.
