Tennessee § 30-3-113 - Fund for reimbursement of appearing absentees.

§ 30-3-113. Fund for reimbursement of appearing absentees.

In each case of termination of receivership as provided in § 30-3-110, the court, except in cases where the proceedings have been certified to the probate court under § 30-3-108(a) or (c), shall set aside the sum there named and direct its payment by the receiver to the state treasurer, who shall deal with such sum in accordance with the Uniform Unclaimed Property Act, compiled in title 66, chapter 29. Any person lawfully entitled to receive any money paid to the state treasurer pursuant to this section may claim the amount due in accordance with the Uniform Unclaimed Property Act. All sums held by the state treasurer under this part prior to May 9, 2005, shall be transferred to the appropriate account within the state treasury that is maintained for the prompt payment of claims under the Uniform Disposition of Unclaimed Property Act, and all such sums and claims shall be handled in accordance with the Uniform Disposition of Unclaimed Property Act. Acts 1941, ch. 102, § 11; C. Supp. 1950, § 8407.20; T.C.A. (orig. ed.), § 30-1813; Acts 2001, ch. 121, § 5; 2005, ch. 141, § 1; 2017, ch. 457, § 2. Compiler's Notes. Acts 2001, ch. 121, § 6 provided that the amendment by that act shall apply to any person whose death has not previously been adjudicated under title 30, chapter 3, part 1, regardless of the date of disappearance or absence. Acts 2005, ch. 141, § 4 provided that the amendment by that Act applied to all future and existing sums held by the state treasurer pursuant to title 30, chapter 3, part 1, regardless of the date the sums were received. Amendments. The 2017 amendment substituted “Uniform Unclaimed Property Act” for “Uniform Disposition of Unclaimed Property Act” in (a) and (b). Effective Dates. Acts 2017, ch. 457, § 7. July 1, 2017; provided that, for purposes of promulgating rules, the act took effect May 25, 2017. Textbooks. Pritchard on Wills and Administration of Estates (4th ed., Phillips and Robinson), §§ 928, 929.