Tennessee § 30-2-703 - Disposition of shares — Application and claim for share.
Full text of Tennessee Tennessee Code Annotated § 30-2-703 — Disposition of shares — Application and claim for share., with citation guidance and answers to common questions.
§ 30-2-703. Disposition of shares — Application and claim for share.
Shares so placed in the state treasury shall not become the property of the state, but shall be and remain trust property demandable at any time by the owner or by the guardian of any owner, distributee or by the personal representative of any deceased owner. Any person lawfully entitled to receive any money paid into the state treasury pursuant to § 30-2-702 may claim the amount due in accordance with title 66, chapter 29, part 1, governing the disposition of unclaimed property. The state treasurer shall pay the amount, as in other cases, out of any money in the treasury; provided, the state shall not be liable for interest on any fund or funds paid into the state treasury under this law. Property delivered to the treasurer pursuant to § 30-2-702, may be claimed in accordance with title 66, chapter 29, part 1, governing the disposition of unclaimed property. Acts 1945, ch. 126, §§ 2-4; mod. C. Supp. 1950, § 8196.10 (Williams, §§ 8334.2-8334.4); T.C.A. (orig. ed.), § 30-1303; Acts 1986, ch. 539, § 2; 1987, ch. 322, §§ 13, 14. Textbooks. Pritchard on Wills and Administration of Estates (4th ed. Phillips and Robinson), §§ 791, 830.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 30-2-703
What does Tennessee Code Annotated § 30-2-703 cover?
Section 30-2-703 ("Disposition of shares — Application and claim for share.") 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 § 30-2-703?
A common citation format is "Tennessee Code Annotated § 30-2-703" (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 § 30-2-703 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.