TBA Law Blog

Posted by: Katharine Heriges on Feb 16, 2018
The Tennessee Uniform Unclaimed Property Act passed by the legislature in May 2017 is now in effect. Designed to improve efficiency in reporting and returning unclaimed property, the new law means that the 2018 reporting process, which is due May 1, will look different than it has in the past. The largest changes to the process come in five major areas: complicated property types, dormancy period, activity, due diligence and reporting and payment requirements. The Tennessee Treasury Division of Unclaimed Property has produced a flyer and a video with more information about the changes.