Section 1720-01-14-.02 - UNCLAIMED PROPERTY(1) The Act applies to unclaimed property:(a) That the University owes to or is holding for other organizations or individuals; and(b) For which the University has had no contact with the apparent owner for a minimum of one (1) year up to the maximum statutory period.(2) Unclaimed property includes, but is not limited to:(a) Uncashed payroll checks(b) Uncashed disbursement checks(c) Uncashed refund checks(d) Uncashed miscellaneous checks(e) Unidentified remittances(f) Credit balances in accounts receivable(g) Stored Value Cards (VolCard, Mocs, Skyhawk Card, etc.)(3) Non-cash items are considered "lost and found" items. These items are not considered to be unclaimed property and should not be reported to the State.Tenn. Comp. R. & Regs. 1720-01-14-.02
Original rules filed September 30, 2019; effective December 29, 2019.Authority: T.C.A. § 49-9-209(e) and Public Acts of Tennessee, 1839-1840, Chapter 98, Section 5, and Public Acts of Tennessee, 1807, Chapter 64.