(a) The treasurer shall pay or deliver property to a claimant under § 66-29-152:

Terms Used In Tennessee Code 66-29-153

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Owner: includes :
    (A) A depositor, for a deposit. See Tennessee Code 66-29-102
  • Property: means tangible property described in §. See Tennessee Code 66-29-102
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Tennessee Code 66-29-102
  • Treasurer: means the state treasurer. See Tennessee Code 66-29-102
(1) If the treasurer receives evidence sufficient to establish to the reasonable satisfaction of the treasurer that the claimant is the owner of the property; or
(2) Upon order of a court in accordance with § 66-29-155.
(b) Not later than ninety (90) days after a claim is filed under § 66-29-152, the treasurer shall approve or deny the claim and give the claimant notice of the decision in a record. If the claim is denied:

(1) The treasurer shall inform the claimant of the reason for the denial and specify what additional evidence, if any, is required for the claim to be approved;
(2) The claimant may file an amended claim with the treasurer or commence an action under § 66-29-155; and
(3) The treasurer shall treat an amended claim as an initial claim filed under § 66-29-152.
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