Tennessee § 45-3-521 - Statute of limitations on accounts.
Full text of Tennessee Tennessee Code Annotated § 45-3-521 — Statute of limitations on accounts., with citation guidance and answers to common questions.
§ 45-3-521. Statute of limitations on accounts.
All claims shall be barred in this state on any inactive account; provided, that at least sixty (60) days before the claim becomes barred, the association shall mail by registered or certified mail a notice of the imminent barring of all claims to the depositor at the depositor's last known address. For the purposes of this section, “inactive account” means an account with respect to which there has been an absence for at least seven (7) years of: Additions to the account other than creditings of interest; Withdrawals from the account; and Written communication from the depositor. In the case of an account that provides for a specified contractual time, the seven (7) years shall commence on the maturity date of the account. Acts 1978, ch. 708, § 2.21; T.C.A., § 45-1421. Cross-References. Certified mail instead of registered mail, § 1-3-111 . Uniform Unclaimed Property Act, property held by banking or financial organizations, § 66-29-104 .
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-3-521
What does Tennessee Code Annotated § 45-3-521 cover?
Section 45-3-521 ("Statute of limitations on accounts.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 45-3-521?
A common citation format is "Tennessee Code Annotated § 45-3-521" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 45-3-521 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.